@article{article_1553536, title={Estimation of Turkish Banking Sector Financial Fragility Index and Determination of the Factors Effecting the Index}, journal={JOEEP: Journal of Emerging Economies and Policy}, volume={10}, pages={106–113}, year={2025}, author={Gürgül, Müge and Sunal, Onur}, keywords={Banking Crisis, Banking Sector Financial Fragility Index, Financial Fragility, Panel Data Analysis, Turkish Banking Sector.}, abstract={The concept of financial fragility is defined as an early warning indicator in which a financial crisis has not yet occurred but symptoms are observed. Banking sector fragility index was calculated for 15 deposit banks in Turkey and the impact of macroeconomic and bank-specific proportional indicators was examined for 2006Q1:2022Q2. Results based on static panel models inferred that the likelihood of banks to be fragile is significantly determined by ROA, ROE, inflation rate, CDS, fear index and commercial loan interest rate. Including NPL in the index, it was both intended to make an original contribution to the literature and aimed to reveal the factors determining the index. Thus, BSF index is a reliable proxy for banking sector risk status}, number={2}, publisher={Seyfettin ERDOĞAN}