Binici, Mahir; Koksal, Bulent; Orman, Cuneyt - Türkiye Cumhuriyet Merkez Bankası - 2013
This paper investigates the evolution of systemic risk in the Turkish banking sector over the past two decades using comovement of banks’ stock returns as a systemic risk indicator. In addition, we explore possible determinants of systemic risk, the knowledge of which can be a useful input...