Finansal Kriz Öngörüsünde Sinyal Yaklaşımının Etkinliği: 2008 Finansal Kriz Örneği
The Effectiveness of Signal Approach in Forecasting the Financial Crisis: The Case of 2008 Financial Crisis
Author(s): Abdulkadir Kaya, Ünal Gülhan, Bener GüngörSubject(s): Economy, Business Economy / Management, Recent History (1900 till today), Methodology and research technology, Financial Markets, Accounting - Business Administration
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Crisis prediction; signal approach; early warning systems;
Summary/Abstract: One of the risk that country economies most threatening is systemic risk under which the world’s financial system can collapse like a row of dominoes. Financial crisis appeared in USA at the end of the year of 2008 has effected most of countries as well as our country and it has significantly affected the macroeconomic balances. The aim of this study is investigate the predictability of 2008 financial crisis for Turkey economy by “signal approach” proposed by Kaminsky, Lizondo and Reinhart (1998). In this study, 33 variables were used and it is aimed to find evidence of usability of these variables for an early warning system.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 4/2013
- Issue No: 5
- Page Range: 129-147
- Page Count: 19
- Language: Turkish