PREDICTABILITY OF FINANCIAL CRISES: TESTING K.R.L. MODEL IN THE CASE OF TURKEY

The aim of this study is to test predictability of 2007 Global Economic Crisis which hit Turkey by the help of macroeconomic data of Turkey. K.R.L. model is used to test the predictability. By the method of analyzing various leading early warning indicators, the success of the model in forecasting the crises is surveyed. The findings do not support K.R.L. models. Possible reasons for this are stated at the article.

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Year of publication:	2012
Authors:	KARACOR, Zeynep ; GOKMENOGLU, Korhan
Published in:	Annals - Economy Series. - Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor, ISSN 1844-7007. - Vol. 2.2012, June, p. 5-16
Publisher:	Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor
Subject:	Financial Crises \| Leading Indicators \| Signal Approach \| K.R.L. Model

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010569723