Finansal Stres ve Iktisadi Faaliyet

Selim Elekdag, İbrahim Kanlı, Mehmet Samancıoğlu and Cagri Sarikaya ()

Central Bank Review, 2010, vol. 10, issue 2, 1-8

Abstract: This study examines the interaction between financial stress and economic activity across emerging markets (EMs). Episodes of financial stress can be broadly defined as periods when the financial system is under acute strain and its ability to intermediate is impaired. This study introduces a monthly composite index used to measure financial stress episodes across EMs. The study then examines the implications of domestic and external financial stress shocks on Turkish economic activity and contrasts the dynamics with that of other EMs. Quantitatively, financial stress matters. Specifically, even a temporary financial stress shock can drag industrial production substantially below trend.

Keywords: Financial crises; Financial stress index; Emerging market economies (search for similar items in EconPapers)
JEL-codes: F30 G10 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN ... ew/2010/Volume+10-2/ (application/pdf)

Related works:
Working Paper: Finansal Stres ve Iktisadi Faaliyet (2010)
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: https://EconPapers.repec.org/RePEc:tcb:cebare:v:10:y:2010:i:2:p:1-8

Access Statistics for this article

More articles in Central Bank Review from Research and Monetary Policy Department, Central Bank of the Republic of Turkey Contact information at EDIRC.
Bibliographic data for series maintained by () and () and () and ().