TY  - JOUR
TT  - FİNANSAL İSTİKRARSIZLIK VE DIŞ BORÇ: TÜRKİYE ÖRNEĞİ
AU  - Seyrek, İsmail
PY  - 2006
DA  - December
JF  - Sosyal Ekonomik Araştırmalar Dergisi
JO  - SUSEAD
PB  - Selçuk Üniversitesi
WT  - DergiPark
SN  - 2148-3043
SP  - 203
EP  - 227
VL  - 6
IS  - 12
KW  - Finansal istikrarsızlık
KW  - dış borç
KW  - Türkiye
N2  - This paper deals with the application of the financial instability theory to the problem of external debt. Firstly, it surveys different thought on the theories of instability of capitalism. Later, it presents the theories of instability and their logic behind. Next, it links vicious cycles of external debt problems to the financial instability process. Last section presents econometric analysis and data on Turkey in order to show that external debt is in fact a financially instabilizing factor in the Turkish economy. According to econometric analysis, the high level of external debt can be surely said to lead inflationary process in Turkey. On the other hand, it is not possible to say that the high level of external debt stock leads to growth slowdown in Turkey because the estimation carried out is not statistically significant.
UR  - https://dergipark.org.tr/tr/pub/susead/issue//302822
L1  - https://dergipark.org.tr/tr/download/article-file/289528
ER  -