Determinants of Currency Crises in Turkey Some Empirical Evidence
Loading...
Date
2010
Authors
Karabulut, Gökhan
Bilgin, Mehmet Hüseyin
Danisoglu, Ayse Celikel
Journal Title
Journal ISSN
Volume Title
Publisher
M.E Sharpe Inc.
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.
Description
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