The Impact of the Eurozone Crisis on Turkish Foreign Trade
İmre Ersoy () and
Bilgehan Baykal ()
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İmre Ersoy: Marmara University
Bilgehan Baykal: Marmara University
A chapter in Global Financial Crisis and Its Ramifications on Capital Markets, 2017, pp 95-105 from Springer
Abstract:
Abstract The aim of this paper is to search for the impact of the Eurozone Crisis on Turkish foreign trade. To that end, panel data analysis is used for 15 Eurozone members and for the period of 1995–2011. The main finding of the empirical study is that private sector debt of the Eurozone states has a negative relationship with Turkish trade balance. This paper also presents the establishment of a monitoring mechanisms related to trade and debt and close cooperation of Turkish governmental institutions with EU authorities as policy recommendations.
Keywords: Euro Area; Trade Balance; Government Debt; Global Crisis; European Banking Authority (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-47021-4_8
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DOI: 10.1007/978-3-319-47021-4_8
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