Review
BibTex RIS Cite

KÜRESELLEŞMENİN MALİYETİ: FİNANSAL KRİZLER ÜZERİNE BİR DEĞERLENDİRME

Year 2009, , 229 - 238, 10.01.2009
https://doi.org/10.14783/maruoneri.677625

Abstract

Finansal küreselleşme, ulusal piyasaların uluslararası piyasalara bağlanmasıdır. Finansal küreselleşme ile birlikte uluslararası fon hareketlerinin önündeki bütün engeller ortadan kaldırılmıştır. Fon hareketlerinin serbestleşmesinin en önemli maliyeti bir ülkede başlayan bir finansal dalgalanmanın çok kısa sürede diğer piyasalara sıçramasıdır. Ulusal finansal piyasalarda ortaya çıkan dalgalanma eğilimleri kriz kavramı ile ifade edilmektedir. Bölgesel ya da küresel düzeyde yayılan kriz eğilimleri makroekonomik dengeleri tahrip ederek çok önemli sorunlara yol açmaktadır. Yabancı sermayenin sınır tanımadan ülkeler arasındaki kontrolsüz hareketliliği krizin boyutunu ve etkisini artırmaktadır. Finansal krizlere son yıllarda yalnızca gelişmekte olan ülkelerde değil aynı zamanda gelişmiş ülkelerde de rastlanmaktadır. Bu çalışmada, küreselleşmenin etkisiyle son yıllarda artan finansal krizlerin yol açtığı etkiler üzerinde durulacaktır.

References

  • [1] Romain, R.; Tomell, A. & Westerman, F.(2005). Sistemic Crises and Grovvth, NBER IVorking Paper Series, IVorking Paper, 11076, 1-33 (http://www.nber.org/papers/wll076). [26.11.2008],
  • [2] Manasse, P.; Rubini, N. & Schimmelpfennig, A. (2003). Predicting Sovereign Debt Crises. IMF IVorking Paper/02/221.
  • [3] Gemi, C.; Emsen, S. & Değer, M.K. (2005). Erken Uyarı Sistemleri Yoluyla Türkiye'deki Ekonomik Krizlerin Analizi. Ekonometri ve İstatistik Dergisi, (2), 39-62.
  • [4] Liu, W. (2007). An Empirical Study of Financial Crises Among Middle-Income Countries Between 1993-2003. Asia Pacific Journal of Finance and Banking Research, 1(1), 1-33.
  • [5] Eren, A. & Süslü, B. (2001). Finansal Kriz Teorilerilşığmda Türkiye’de Yaşanan Krizlerin Genel Bir Değerlendirmesi. Yeni Türkiye, 41(7), 662-674.
  • [6] Mishkin F.S. (1996). Understanding Financial Crises: A Developing Country Perspective. Annual World Bank Conference on Development Economics, The World Bank, 29-62.
  • [7] Mishkin F.S. (2001), Financial Policies and the Prevention of Financial Crises in Emerging Market Countries, NBER Working Paper Series, IVorking Paper 8087, 2-3. (http://www.nber.org/papers/w8087). [26.11.2008].
  • [8] Feldstein, M.(1999). Self-Protection for Emerging Market Economies. NBER Working Paper Series, 6907, 1-23.
  • [9] Cecchetti, S.G. (2008). Crisis And Responses: The Federal Reserve And The Financial Crises of 2007-2008. NBER VVorking Paper Series, Working Paper 14134, June, 1-23. (http://www.nber.org/papers/wl4134) [25.11.2008].
  • [10] Girön, A. & Correa, E., Emergent Markets And Fragility (Latin America And Mexico), 1-21. (http://project.iss.u- tokyo.ac.jp/nakagawa/members/papers/GironAlicia.pdf). [26.11.2008],
  • [11] Aglietta, M. (1995). Macroeconomie financiere. Paris: La Decouverte.
  • [12] IMF (1998). World Economic Outlook. 1-221, (http://www.imf.org/extemal/pubs/ft/weo/weo0598/ index.htm). [16.12.2008].
  • [13] Gülcan, Y. & Ayhan, D. (2004). Leading Financial Crises Indicators in Turkey. Journal of İstanbul Kültür University, 2(2), 35-44.
  • [14] Mishkin, F.S. (1998). International Capital Movements, Financial Volatility and Financial Instability. NBER Working Paper Series, Working Paper 6390, National Bureau of Economic Research, 1-33. (http://www.nber.org/papers/w6390). [26.11.2008],
  • [15] Semmler, W. (2000). Exchange Rate Volatility, Financial crisis and large Output Loss: Stylized Facts and Some Useful Theories. 1-12 (http://www.ejoumal.unam.mx/moe/ nol 12/MOE11202.pdf). [25.11.2008].
  • [16] Kaminsky, G.L. (2003). Varieties of Currency Crises. NBER Workıng Paper Series. Working Paper 10193, 1-29. (http://www.nber.org/papers/wl 0193). [ 16.12.2008].
  • [17] Evans, O.; Leone, A.M.; Gill, M. & Hilbers, P. (2000). Macroprudential Indicators of Financial System Soundness, International Monetary Fund. Occasional Paper, 192, Washington DC, 1-47.
  • [18] Bell, J. (2000). Leading Indicator Model of Banking Crisis: A Critical Review. Financial Stability Review, (9), 116-117 (http://www.bankofengland.co.uk/publications/fsr/2000/ fsr09art3 .pdf). [25.11.2008].
  • [19] Isard, P.; Razin, A. & Rose, A. (2000). International Finance and Financial Crises: Essays in Honor of Robert P. Flood Jr. Washington DC.: Kluwer Academic Publishers.
  • [20] Sakarya, B. (2008). Küresel Finansal Yapı ve 2007 Yılı Dalgalanmaları. Strateji Geliştirme Daire Başkanlığı, Çalışma Tebliği, (2), 1-41.
  • [21] Yay, G.G. (2001). 1990'lı Yıllardaki Finansal Krizler ve Türkiye Krizi. Yeni Türkiye, Ekonomik Kriz Özel Sayısı II, (42), 1234-1248.
  • [22] Krugman, P. (2001). Crises: The Next Generation? Economic Policy in the International Company. Assays in Honor of Assaf Razin (Ed.: Helpman, E. & Sadka, E.). (http://books.google.com/books). [ 29.12.2008].
  • [23] Kaminsky, G.L. (2008). Crises and Sudden Stop: Evidence from International Bond and Syndicated-Loan Markets. NBER Working Paper Series. Working Paper 14249, 1-17. (http://www.nber.org/papers/wl4249). [25.11.2008].
  • [24] Calvo, G.A. (2005). Crises in Emerging Market Economies: A Global Perspective, NBER VVorking Paper Series, VVorking Paper 11305. 1-40, http://www.nber.org/ papers/wll305. [25.11.2008].
  • [25] Şimşek, H.A. (2008). Küreselleşme Sürecinde Finansal Krizler ve Maliye Politikaları: Teorik Bir Değerlendirme. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 13(1), 183-208.
  • [26] Baldacci, E.; Mello, L. & Inchauste, G. (2002). Financial Crises, Poverty, And Income Distribution, Finance & Development, A quarterly magazine of the IMF, 39 (2), June. (http://www.imf.org/external/pubs/ft/fandd/2002/06/ baldacci.html). [25.11.2008].
  • [27] Keller, C.; Rosenberg, C.; Roubini, N. & Setser, B. (2002). The Bottom Line. Finance and Development, 39(4), (http://www.imf.org/external/pubs/ft/fandd/2002/12/ keller.htm). [25.11.2008]..
  • [28] Guitan, M. (1998). The challenge of managing global Capital flows. Finance & Development, 35(2). (http://www.imf.org/extemal/pubs/ft/fandd/1998/06/ guitian.htm). [ 25.11.2008],
Year 2009, , 229 - 238, 10.01.2009
https://doi.org/10.14783/maruoneri.677625

Abstract

References

  • [1] Romain, R.; Tomell, A. & Westerman, F.(2005). Sistemic Crises and Grovvth, NBER IVorking Paper Series, IVorking Paper, 11076, 1-33 (http://www.nber.org/papers/wll076). [26.11.2008],
  • [2] Manasse, P.; Rubini, N. & Schimmelpfennig, A. (2003). Predicting Sovereign Debt Crises. IMF IVorking Paper/02/221.
  • [3] Gemi, C.; Emsen, S. & Değer, M.K. (2005). Erken Uyarı Sistemleri Yoluyla Türkiye'deki Ekonomik Krizlerin Analizi. Ekonometri ve İstatistik Dergisi, (2), 39-62.
  • [4] Liu, W. (2007). An Empirical Study of Financial Crises Among Middle-Income Countries Between 1993-2003. Asia Pacific Journal of Finance and Banking Research, 1(1), 1-33.
  • [5] Eren, A. & Süslü, B. (2001). Finansal Kriz Teorilerilşığmda Türkiye’de Yaşanan Krizlerin Genel Bir Değerlendirmesi. Yeni Türkiye, 41(7), 662-674.
  • [6] Mishkin F.S. (1996). Understanding Financial Crises: A Developing Country Perspective. Annual World Bank Conference on Development Economics, The World Bank, 29-62.
  • [7] Mishkin F.S. (2001), Financial Policies and the Prevention of Financial Crises in Emerging Market Countries, NBER Working Paper Series, IVorking Paper 8087, 2-3. (http://www.nber.org/papers/w8087). [26.11.2008].
  • [8] Feldstein, M.(1999). Self-Protection for Emerging Market Economies. NBER Working Paper Series, 6907, 1-23.
  • [9] Cecchetti, S.G. (2008). Crisis And Responses: The Federal Reserve And The Financial Crises of 2007-2008. NBER VVorking Paper Series, Working Paper 14134, June, 1-23. (http://www.nber.org/papers/wl4134) [25.11.2008].
  • [10] Girön, A. & Correa, E., Emergent Markets And Fragility (Latin America And Mexico), 1-21. (http://project.iss.u- tokyo.ac.jp/nakagawa/members/papers/GironAlicia.pdf). [26.11.2008],
  • [11] Aglietta, M. (1995). Macroeconomie financiere. Paris: La Decouverte.
  • [12] IMF (1998). World Economic Outlook. 1-221, (http://www.imf.org/extemal/pubs/ft/weo/weo0598/ index.htm). [16.12.2008].
  • [13] Gülcan, Y. & Ayhan, D. (2004). Leading Financial Crises Indicators in Turkey. Journal of İstanbul Kültür University, 2(2), 35-44.
  • [14] Mishkin, F.S. (1998). International Capital Movements, Financial Volatility and Financial Instability. NBER Working Paper Series, Working Paper 6390, National Bureau of Economic Research, 1-33. (http://www.nber.org/papers/w6390). [26.11.2008],
  • [15] Semmler, W. (2000). Exchange Rate Volatility, Financial crisis and large Output Loss: Stylized Facts and Some Useful Theories. 1-12 (http://www.ejoumal.unam.mx/moe/ nol 12/MOE11202.pdf). [25.11.2008].
  • [16] Kaminsky, G.L. (2003). Varieties of Currency Crises. NBER Workıng Paper Series. Working Paper 10193, 1-29. (http://www.nber.org/papers/wl 0193). [ 16.12.2008].
  • [17] Evans, O.; Leone, A.M.; Gill, M. & Hilbers, P. (2000). Macroprudential Indicators of Financial System Soundness, International Monetary Fund. Occasional Paper, 192, Washington DC, 1-47.
  • [18] Bell, J. (2000). Leading Indicator Model of Banking Crisis: A Critical Review. Financial Stability Review, (9), 116-117 (http://www.bankofengland.co.uk/publications/fsr/2000/ fsr09art3 .pdf). [25.11.2008].
  • [19] Isard, P.; Razin, A. & Rose, A. (2000). International Finance and Financial Crises: Essays in Honor of Robert P. Flood Jr. Washington DC.: Kluwer Academic Publishers.
  • [20] Sakarya, B. (2008). Küresel Finansal Yapı ve 2007 Yılı Dalgalanmaları. Strateji Geliştirme Daire Başkanlığı, Çalışma Tebliği, (2), 1-41.
  • [21] Yay, G.G. (2001). 1990'lı Yıllardaki Finansal Krizler ve Türkiye Krizi. Yeni Türkiye, Ekonomik Kriz Özel Sayısı II, (42), 1234-1248.
  • [22] Krugman, P. (2001). Crises: The Next Generation? Economic Policy in the International Company. Assays in Honor of Assaf Razin (Ed.: Helpman, E. & Sadka, E.). (http://books.google.com/books). [ 29.12.2008].
  • [23] Kaminsky, G.L. (2008). Crises and Sudden Stop: Evidence from International Bond and Syndicated-Loan Markets. NBER Working Paper Series. Working Paper 14249, 1-17. (http://www.nber.org/papers/wl4249). [25.11.2008].
  • [24] Calvo, G.A. (2005). Crises in Emerging Market Economies: A Global Perspective, NBER VVorking Paper Series, VVorking Paper 11305. 1-40, http://www.nber.org/ papers/wll305. [25.11.2008].
  • [25] Şimşek, H.A. (2008). Küreselleşme Sürecinde Finansal Krizler ve Maliye Politikaları: Teorik Bir Değerlendirme. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 13(1), 183-208.
  • [26] Baldacci, E.; Mello, L. & Inchauste, G. (2002). Financial Crises, Poverty, And Income Distribution, Finance & Development, A quarterly magazine of the IMF, 39 (2), June. (http://www.imf.org/external/pubs/ft/fandd/2002/06/ baldacci.html). [25.11.2008].
  • [27] Keller, C.; Rosenberg, C.; Roubini, N. & Setser, B. (2002). The Bottom Line. Finance and Development, 39(4), (http://www.imf.org/external/pubs/ft/fandd/2002/12/ keller.htm). [25.11.2008]..
  • [28] Guitan, M. (1998). The challenge of managing global Capital flows. Finance & Development, 35(2). (http://www.imf.org/extemal/pubs/ft/fandd/1998/06/ guitian.htm). [ 25.11.2008],
There are 28 citations in total.

Details

Primary Language Turkish
Journal Section Eski Sayılar
Authors

Rengin Ak This is me

Levent Çinko

Publication Date January 10, 2009
Published in Issue Year 2009

Cite

APA Ak, R., & Çinko, L. (2009). KÜRESELLEŞMENİN MALİYETİ: FİNANSAL KRİZLER ÜZERİNE BİR DEĞERLENDİRME. Öneri Dergisi, 8(31), 229-238. https://doi.org/10.14783/maruoneri.677625

Cited By

15795

Bu web sitesi Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.

Öneri Dergisi

Marmara Üniversitesi Sosyal Bilimler Enstitüsü

Göztepe Kampüsü Enstitüler Binası Kat:5 34722  Kadıköy/İstanbul

e-ISSN: 2147-5377