Research Article
BibTex RIS Cite

2001 Krizinin Dolarizasyon Boyutunda VAR Analiziyle Değerlendirilmesi

Year 2021, , 155 - 170, 03.10.2021
https://doi.org/10.33203/mfy.975032

Abstract

2020 yılının tüm dünya ülkeleri için bir kriz yılı olarak tanımlanmasıyla literatürdeki kriz konuları tekrar gündeme gelmiş ve geçmiş krizlerle kovid19 virüsünün neden olduğu kriz arasındaki farklılıklar ve benzerlikler artan oranda tartışılmaya başlanmıştır. Tüm krizlerde makroekonomik verilerin hızla bozulmasından hareketle Türkiye’de gerçekleşen 2001 krizine ait değişkenlerin özellikle kredi dolarizasyonuyla ilişkilendirilmesi çalışmanın temel çıkış noktasını oluşturmaktadır. Öncelikle dolarizasyonun ekonomiye yüklediği maliyet olarak krizler tartışılmış ve analiz kısmında da kredi ve mevduat olarak ikiye ayrılıp faiz değişimi, kur değişimi, enflasyon ve Gayri Safi Yurtiçi Hasıla değişimi ile ilişkisi ortaya konmaya çalışılmıştır. Analiz sonuçlarına göre kredi dolarizasyonunu ele alınan değişkenlerin açıklama gücü % 65 gibi sosyal bilimler için yüksek sayılabilecek bir değerde bulunmuştur.

References

  • Arteta, C., Ó. (2003). Are Financially Dollarized Countries More Prone to Costly Crises?’, Board of Governors of the Federal Reserve System International Finance Discussion Papers Number: 763
  • Burnside, C., Eichenbaum, M., Rebello, S. (2001). Hedging and Financial Fragility in Fixed Exchange Rate Regimes , European Economic Review, 45(7)
  • Chiu, E. M. P., ve Willett, T. D. (2019). Capital Controls and Currency Crises Revisited: A Political Economy Analysis, Emerging Markets Finance and Trade 56(1) https://doi.org/10.1080/1540496X.2019.1617130
  • Demirgüç-Kunt, A., ve Detregiache, E. (1998). The Determinants of Banking Crises in Developing and Developed Countries, International Monetary Fund Staff Papers, 45(1)
  • Feldstein, M. (2002). Economic and Financial Crisis in Emerging Market Economies: Overview of Prevention and Management, NBER Working Paper Series,No: 8837
  • Feridun, M. (2007). Determinants of Currency Crises in Emerging Markets: An Empirical Investigation on Turkey. Loughborough University Department of Economics Discussion Paper Series, WP2007-01
  • Flood, R. P., ve Garber, P. M. (1989). The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates. NBER Working Paper, No: 2918
  • Henderson, D., ve Salant, S. (1978). Market Anticipations of Government Policies and the Price of Gold. Journal of Political Economy, 86
  • Honig, A. (2006). Is There A Link Between Dollarization And Banking Crises?, Journal of International Development, 18 International Monetary Fund World Economic Outlook. (1998). Financial Crisis: Characteristics and Indicators of Vulnerability, Chapter IV, www.imf.org/external/pubs/ ft/weo/weo0598/index.htm. Erişim Tarihi: 10 Mayıs 2021
  • Kennedy, P. (2006). Ekonometri Kılavuzu, Gazi Kitabevi, Ankara
  • Krugman, P. (1997). Currencies and Crisis, MIT Press, London
  • Krznar, I. (2004). Currency Crisis: Theory and Practice with Application to Croatia, Croatian National Bank Working Paper, Vol.12
  • Manasse, P., Roubini, N., ve Schimmelpfennig, A. (2003). Predicting Sovereign Debt Crises. International Monetary Fund Working Paper WP/03/221, Wahington D.C
  • Nicolo, G. D., Honohan, P., ve Ize, A. (2003). Dollarization of the Banking System: Good or Bad?, International Monetary Fund Working Paper No:03/146, Wahington D.C.
  • Reinhart, C. M., Rogoff, K. S., ve Savastano, M.A. (2003). Addicted to Dollars, National Bureau of Economic Research Working Paper 10015, Http://www.nber.org/papers/W10015
  • Rosier, B. (1994). İktisadi Kriz Kuramları. İstanbul: İletişim Yayınları
  • Obstfeld, M. (1984). Balance of Payment Crisis and Devaluation, Journal of Money, Credit and Banking, 16(2)
  • Yılmazkuday, H. (2008). Twin Crises in Turkey: A Comparison of Currency Crisis Models the European Journal of Comparative Economics, 5(1)
  • Williams, R. (2009). Categorical Data Analysis of Sociology 73994, www.Nd.Edu/~Rwilliam/Xsoc73994/L08.Pdf. Erişim Tarihi: 15 Mayıs 2021
Year 2021, , 155 - 170, 03.10.2021
https://doi.org/10.33203/mfy.975032

Abstract

References

  • Arteta, C., Ó. (2003). Are Financially Dollarized Countries More Prone to Costly Crises?’, Board of Governors of the Federal Reserve System International Finance Discussion Papers Number: 763
  • Burnside, C., Eichenbaum, M., Rebello, S. (2001). Hedging and Financial Fragility in Fixed Exchange Rate Regimes , European Economic Review, 45(7)
  • Chiu, E. M. P., ve Willett, T. D. (2019). Capital Controls and Currency Crises Revisited: A Political Economy Analysis, Emerging Markets Finance and Trade 56(1) https://doi.org/10.1080/1540496X.2019.1617130
  • Demirgüç-Kunt, A., ve Detregiache, E. (1998). The Determinants of Banking Crises in Developing and Developed Countries, International Monetary Fund Staff Papers, 45(1)
  • Feldstein, M. (2002). Economic and Financial Crisis in Emerging Market Economies: Overview of Prevention and Management, NBER Working Paper Series,No: 8837
  • Feridun, M. (2007). Determinants of Currency Crises in Emerging Markets: An Empirical Investigation on Turkey. Loughborough University Department of Economics Discussion Paper Series, WP2007-01
  • Flood, R. P., ve Garber, P. M. (1989). The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates. NBER Working Paper, No: 2918
  • Henderson, D., ve Salant, S. (1978). Market Anticipations of Government Policies and the Price of Gold. Journal of Political Economy, 86
  • Honig, A. (2006). Is There A Link Between Dollarization And Banking Crises?, Journal of International Development, 18 International Monetary Fund World Economic Outlook. (1998). Financial Crisis: Characteristics and Indicators of Vulnerability, Chapter IV, www.imf.org/external/pubs/ ft/weo/weo0598/index.htm. Erişim Tarihi: 10 Mayıs 2021
  • Kennedy, P. (2006). Ekonometri Kılavuzu, Gazi Kitabevi, Ankara
  • Krugman, P. (1997). Currencies and Crisis, MIT Press, London
  • Krznar, I. (2004). Currency Crisis: Theory and Practice with Application to Croatia, Croatian National Bank Working Paper, Vol.12
  • Manasse, P., Roubini, N., ve Schimmelpfennig, A. (2003). Predicting Sovereign Debt Crises. International Monetary Fund Working Paper WP/03/221, Wahington D.C
  • Nicolo, G. D., Honohan, P., ve Ize, A. (2003). Dollarization of the Banking System: Good or Bad?, International Monetary Fund Working Paper No:03/146, Wahington D.C.
  • Reinhart, C. M., Rogoff, K. S., ve Savastano, M.A. (2003). Addicted to Dollars, National Bureau of Economic Research Working Paper 10015, Http://www.nber.org/papers/W10015
  • Rosier, B. (1994). İktisadi Kriz Kuramları. İstanbul: İletişim Yayınları
  • Obstfeld, M. (1984). Balance of Payment Crisis and Devaluation, Journal of Money, Credit and Banking, 16(2)
  • Yılmazkuday, H. (2008). Twin Crises in Turkey: A Comparison of Currency Crisis Models the European Journal of Comparative Economics, 5(1)
  • Williams, R. (2009). Categorical Data Analysis of Sociology 73994, www.Nd.Edu/~Rwilliam/Xsoc73994/L08.Pdf. Erişim Tarihi: 15 Mayıs 2021
There are 19 citations in total.

Details

Primary Language Turkish
Subjects Finance
Journal Section Articles
Authors

Ayşegül Ak 0000-0003-1434-3103

Publication Date October 3, 2021
Submission Date July 27, 2021
Published in Issue Year 2021

Cite

APA Ak, A. (2021). 2001 Krizinin Dolarizasyon Boyutunda VAR Analiziyle Değerlendirilmesi. Maliye Ve Finans Yazıları(116), 155-170. https://doi.org/10.33203/mfy.975032

Dergi özellikle maliye, finans ve bankacılık alanlarında faaliyet göstermektedir.