Binici, Mahir; Koksal, Bulent; Orman, Cuneyt - In: Central Bank Review 13 (2013) Special Issue on Systemic Risk, pp. 41-63
This paper investigates the evolution of systemic risk in the Turkish banking sector over the past two decades using co-movement 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...