Determinants of Currency Crises in Turkey Some Empirical Evidence

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Date

2010

Authors

Karabulut, Gökhan
Bilgin, Mehmet Hüseyin
Danisoglu, Ayse Celikel

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Publisher

M.E Sharpe Inc.

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Abstract

Currency crises have become a serious threat for developing countries especially since the financial deregulation process and the collapse of the Bretton Woods system. In the past two decades Turkey has experienced two major currency crises. This study aims to predict the determinants of currency crises in Turkey by using an ordered probit model. According to the results short-term debt/GDP real exchange rate deposit interest rates foreign exchange reserves/imports and credit/deposit variables are all significant in explaining currency crises in Turkey.

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Keywords

Crises in Turkey, Currency crises, Ordered probit models

Turkish CoHE Thesis Center URL

Citation

9

WoS Q

Q2

Scopus Q

Q1

Source

Volume

46

Issue

Start Page

51

End Page

58