Görmüþ, Þakir; Tekeli, Recep; Peker, Osman - In: Proceedings of the International Conference on Emerging …
The paper will examine the 1994 and 2001 Turkish currency crises by using early warning system which is based on the “signal” approach proposed by Kaminsky, Lizondo and Reinhart (KLR) (1998). The “signal” approach is a non-parametric approach. In this approach, the behavior of a number...