Predictability of financial crises by KLR method: Turkey case (Period of 1990:01-2018:09)

As a result of global integration and financial liberalization, financial crises have been experienced quite frequently in the world since the 1980s. The effects of the financial crises in the international arena are severe and rapidly spreading. For this reason, in the studies on the crisis, variou...

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Bibliographic Details
Published inJournal of Economics Bibliography Vol. 5; no. 4; p. 231
Main Authors BÜYÜKAKIN, Figen, AYDIN, Seda
Format Journal Article
LanguageEnglish
Published Istanbul KSP Journals 01.12.2018
Subjects
Economic impact
Turkey
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Summary:As a result of global integration and financial liberalization, financial crises have been experienced quite frequently in the world since the 1980s. The effects of the financial crises in the international arena are severe and rapidly spreading. For this reason, in the studies on the crisis, various methods for early warning models have been developed on the prediction of crises. The aim of this study was to estimate the financial crisis for Turkey case by "KLR Signal Approach" that was developed by Kaminsky and Reinhart Lizondo in 1998. In this study, 7 macroeconomic variables belong to the period of 199001 and 20189 were examined. The difference of this study from other studies is that a new crisis variable has been created. It was found at the end of the study that the selected variables were successful in catching the crisis signal.
ISSN:2149-2387
DOI:10.1453/jeb.v5i4.1800