Economics at your fingertips  


Ayhan Kapusuzoglu () and Nildag Ceylan ()
Additional contact information
Ayhan Kapusuzoglu: Ankara Yildirim Beyazit University, Turkey

Scientific Bulletin - Economic Sciences, 2018, vol. 17, issue 3, 3-8

Abstract: The aim of this study is to analyze the similarities and differences between the OECD countries in terms of the change in CDS risk premiums. Accordingly, CDS risk premiums of the related countries are taken on a monthly basis for the 30/06/2011 - 30/09/2018 period. The Euclidean distances are calculated using Multidimensional Scaling Analysis. As a result of the study, the most similar (close) country pairs are calculated according to their euclidean distances. The results of the analysis show that New Zealand-Australia, Estonia-Austria, Slovakia-Netherlands, Finland-Denmark and Germany-France are the most similar country pairs whereas Slovenia-Turkey, Netherlands-Turkey, Russia-Norway, Russia-Mexico and Slovakia-Turkey are the most dissimilar country pairs. According to the results obtained; Mexico, Russia, Chile and Turkey are the countries which are decomposed significantly from the other OECD countries. Moreover, the countries which are geographically close to each other are also very similar in terms of the change in the economic risk level.

Keywords: Multidimensional scaling; Credit default swap; OECD. (search for similar items in EconPapers)
JEL-codes: C10 G10 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Scientific Bulletin - Economic Sciences is currently edited by Alina Hagiu

More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Alina Hagiu ().

Page updated 2021-06-05
Handle: RePEc:pts:journl:y:2018:i:3:p:3-8