Measuring the Impact of Financial Crisis-Reference-Cited by-同舟云学术

Measuring the Impact of Financial Crisis

Published:2016 Issue: Volume: Page:274-283
ISSN:2327-5677
Container-title:Advances in Finance, Accounting, and Economics
language:
Short-container-title:

Author:

Yıldırım İsmail¹

Affiliation:

1. Hitit University, Turkey

Abstract

Crisis in 2001 and global financial crisis in 2008 effect Turk economy in a lot of ways. Financial crisis creates destructive effect especially on increasing market economies. It is not so easy to watch occurring of this financial crisis and determining of its expanding. First of all determining of crisis terms are needed to predict of financial crisis. In this part, a financial stress index is composed by using TL interest rate and monthly data of global gross reserves belongs to $/TL exchange rate between 1997:01-2014:12 terms for Turkey. Months when financial stress index raised to top level for Turkey and financial crisis are observed on, are found as February(2001) and November (2008).

Publisher

IGI Global

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