FINANCIAL CRISES AND PRESSURE INDICES: CASE OF TURKEY

Yıl 2010, Cilt: 2 Sayı: 1, 139 - 146, 01.06.2010

İlhan Ege Ali Bayrakdaroglu

Öz

This study employs pressure indices in order to foresee the possible crises. Using monthly data
obtained from the data distribution system of the Central Bank of Turkey between 1990-2009, the
prevailing financial pressure indices have been estimated. This study deals with the anticipation of
crises, especially in the field of banking, through an early warning system rather than pointing out
what are the indicators of financial crises. Therefore, this study aims at establishing assumptions
regarding financial crises using pressure indices for monthly data of Turkish economy between the
period of 1999.01-2009.12.

Anahtar Kelimeler

Currency Crisis, Financial Risk, Pressure Index

Kaynakça

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