This study aims to evaluate the vulnerability of the Turkish economy in the context of global crises during the 1998:01-2012:08 period employing signals approach improved by Kaminsky, Lizando and Reinhart (1998) [KLR]. Our study is necessary and timely to assess the fragility of Turkey since the...

This study aims to evaluate the vulnerability of the Turkish economy in the context of global crises during the 1998:01-2012:08 period employing signals approach improved by Kaminsky, Lizando and Reinhart (1998) [KLR]. Our study is necessary and timely to assess the fragility of Turkey since the...

We identify a new set of stylized facts on the 2008-2009 trade collapse using detailed dis-aggregated data for the European Union, Brazil, Indonesia, and the United States. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity...

This paper aims to examine the Indonesian experiences with the 1997/98 Asian financial crisis and the 2008/09 global economic crisis. It has three main parts. The first part gives a theoretical explanation of the main transmission channels through which the two crises have affected the...