TY  - JOUR
T1  - THEORETICAL AND EMPIRICAL SURVAY OF CONTAGIOUS FINANCIAL CRISES
AU  - Ersoy, Ertan
PY  - 2012
DA  - April
JF  - Sosyal Bilimler Dergisi
PB  - İstanbul University-Cerrahpasa
WT  - DergiPark
SN  - 1307-542X
SP  - 142
EP  - 147
VL  - 0
IS  - 2
LA  - tr
AB  - ABSTRACTIn this study it is focused on contagious effect of financial crises, which generallyrefers to the spread of market disturbances from one country to another. Themain objective is providing a theoretical framework for the analysis of contagiousfinancial crisis in this study. In order to provide such a framework first of all theconcept of financial contagion is defined from different point of views, then themain channels of contagion; namely trade channel, economic integration, financiallinkages and asymmetric information channel are presented. Lastly, some empiricalapplications in the literature of financial economics are explained briefly before theconcluding remarks.Keywords: Contangient Financial Crises, Trade Channel, Financial Linkages,Aasymmetric Information Channel.ÖZETBu çalışmada piyasa aksaklıklarının bir ülkeden diğer ülkeye yayılması olarakanılan finansal krizlerin bulaşma etkisi üzerine odaklanılmıştır. Temel amaç bulaşıcıfinansal krizlerin analizi için teorik bir çerçeve önerisi sunmaktır. Böyle birçerçeve sunmak amacıyla ilk olarak finansal bulaşma kavramı farklı bakış açılarındantanımlanmış ve sonra da ticaret kanalı, ekonomik bütünleşme, finansal bağlantılarve asimetrik bilgi kanalları ana bulaşma kanalları olarak sunulmuştur. Sonolarak, sonuç bölümünden önce finans ekonomisi yazınında bazı deneysel uygulamalarkısaca anlatılmıştır.Anahtar Kelimeler: Bulaşıcı Fainansal Krizler, Ticaret Kanalı, FinansalBağlantılar, Asimetrlik Bilgi Kanalı.
KW  - Bulaşıcı Fainansal Krizler
KW  - Ticaret Kanalı
KW  - Finansal
CR  - Allen, Franklin and Gale, D. (2000), "Financial Contagion", The Journal of Political Economy, Volume 108, Issue 1.
CR  - Bekaert, G., Campbell R.H. and Ng, A. "Market Integration and Contagion", NBER, Working Paper, 9510.
CR  - CHANGA, ROBERTO AND MAJNONIB, G. (2002), "FINANCIAL CRISES FUNDAMENTALS, BELIEFS, AND FINANCIAL CONTAGION", EUROPEAN ECONOMIC REVIEW, NO. 46, PP. 801 - 808.
CR  - Dornbusch, R., Park Y.C. and Claessens S. (2000), "Contagion: Understanding How It Spreads" The World Bank Research Observer, No.2, pp. 177-97.
CR  - Edwards, S. (2000), "Interest Rates, Contagion and Capital Controls" NBER Working Paper 7801.
CR  - Eichengreen, B., Rose, A.K. and Wyplosz, C. (1996), "Contagious Currency Crises", NBER Workı ing Paper 5681.
CR  - Glick, Reuven and Rose, A. (1998), "Contagion and Trade: Why Are Currency Crises Regional?" NBER, Working Paper, 6806.
CR  - Glicka, R. and Roseb, A.K. (1999), "Contagion and Trade: Why are Currency Crises Regional?", Jour- nal of International Money and Finance, No. 18, pp. 603-617.
CR  - Gong-meng Chen, Michael Firth, Oliver Meng Rui, "Stock market linkages: Evidence from
CR  - Latin America", Journal of Banking & Finance 26 (2002)
CR  - Ito, Takatoshi & Hashimoto, Y. (2002), "High- Frequency Contagion of Currency Crises in Asia", NBER, Working Paper, 9376.
CR  - Kaminsky, G.L., and Reinhart, C.M. (2000), "On Crises, Contagion, and Confusion", Journal of International Economics 51.
CR  - Khalid, A.M. and Kawai, M. (2003), "Was Fi- nancial Market Contagion the Source of Economic Criı sis in Asia Evidence Using a Multivariate VAR model", Journal of Asian Economics, No. 14, pp. 131ı 156.
CR  - Leonardo F. Hernandez, Rodrigo O. Valde', "What drives contagion Trade, neighborhood, or financial links?",International Review of Financial Analysis, 10 (2001)
CR  - Mina, H.G., McDonald, J.A. and Chounga, Jaeyong (2003), "Dynamic Capital Mobility, Capital- Market Risk, and Contagion: Evidence From Seven Asian Countries", Japan and the World Economy, No. 15, pp. 161-183
CR  - Nagayasu, Jun (2001), "Currency Crisis and Contagion: Evidence from Exchange Rates and Secı toral Stock Indices of the Philippines and Thailand",
CR  - Journal of Asian Economics, No. 12 pp. 529-546.
UR  - https://dergipark.org.tr/en/pub/iusosbil/issue//118712
L1  - https://dergipark.org.tr/en/download/article-file/100781
ER  -