Financial Fragility and Basic Economic Indicators in Turkey

Sule Yuksel Yigiter () and Salim Sercan Sari ()
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Sule Yuksel Yigiter: Erzincan Binali Yıldırım University FEAS Department of Business Administration, Erzincan, Turkey
Salim Sercan Sari: Erzincan Binali Yıldırım University FEAS Department of Business Administration, Erzincan, Turkey

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2022, vol. 0, issue 67, 1-13

Abstract: Financial fragility emerges as a concept that measures economic resilience against crises. Economies with high financial fragility suffer greater exposure to economic crises. This study was conducted to show how the US dollar exchange rate, BIST 100 Index, foreign trade volume, and credit default swap (CDS) affect financial fragility. The study takes into account the January 2013-January 2021 period by conducting analyses using monthly data. The study examines the possible effects of the dollar exchange rate, BIST 100 Index, foreign trade volume, and CDS on financial fragility using the autoregressive distributed lag (ARDL) bound test. According to the results, the study has determined the BIST 100 Index and CDS premium to have short- and long-term effects on financial fragility. In addition, foreign trade volume was observed to negatively affect financial fragility in the short and long term and the dollar exchange rate to have no long-term effect on financial fragility.

Keywords: Financial Fragility; Dollar Exchange Rate; BIST 100; Foreign Trade Volume (search for similar items in EconPapers)
Date: 2022
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