@article{article_931897, title={ANALYSIS OF THE IMPACT OF TRADE OPENNESS ON MACROECONOMIC STABILITY}, journal={Akademik Hassasiyetler}, volume={8}, pages={319–330}, year={2021}, author={Demircioğlu Karabıyık, Elmas and Çetinoğlu, Hakan}, keywords={Makroekonomik İstikrar, Ticari Açıklık, Finansal Sistem}, abstract={Macroeconomic stability is of the great importance for the global and national economies today. Likewise, the economic stability is an important economic indicator at the sectoral and firm level. In this context, the macroeconomic stability is an indispensable public good for all the economic units today. Country and regional economies attach great importance to the sustainability of macroeconomic stability, on the other hand, they develop important policies and strategies to maintain macroeconomic stability. In this study, the impact of trade openness on the macroeconomic stability is analysed for 2019 and 137 countries. According to the results of the OLS regression analysis, it has been found that the level of the trade openness and the stability of the financial system have statistically the same and significant effects on the macroeconomic stability, which is original aspect of the study. As a result, the correct design and implementation of the foreign trade policies and the soundness of the financial system play an indispensable role in strengthening the macroeconomic stability of the countries.}, number={16}, publisher={Hüzeyfe Süleyman ARSLAN}