Early Warning Signals of the 2000/2001 Turkish Financial Crisis

Ali Ari () and Rustem Dagtekin

MPRA Paper from University Library of Munich, Germany

Abstract: The 2000/2001 Turkish crisis was one of the most impressive crises that hit the emerging market economies in the late 90s. The characteristic of this crisis is not only its violence but also its suddenness. We observe two rapid crisis sequences which are different from recent financial crisis examples. The analysis of the Turkish crisis in the literature generally presents an analytical aspect that only relates the stylized facts of the crisis omitting a strong econometric basis. This paper goes further: it presents two models (OLS and Logit) which will test the implication level of the macroeconomic and financial variables in the outbreak of the crisis.

Keywords: Currency Crisis; Banking System Fragility; Third Generation Crisis Model; Turkey (search for similar items in EconPapers)
JEL-codes: C22 G01 (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in International Journal of Emerging and Transition Economies 2.1(2008): pp. 191-218

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/25857/1/MPRA_paper_25857.pdf original version (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: https://EconPapers.repec.org/RePEc:pra:mprapa:25857

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().