Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81579
Authors: 
Ganioğlu, Aytül
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2012/66
Abstract (Translated): 
In this study, the main purpose is to analyze the factors that stimulate the probability of financial crises. The period of analysis covers the years of 1970-2008, thereby including the impact of recent global financial crisis. The analysis aims to make a comparison for the developed and developing country financial crises separately. Panel logit estimation technique is used for the analysis which includes 24 developed and 26 developing countries, amounting to 50 countries as total. According to estimation results, current account deficit carries the risk of raising the probability of financial crises significantly both in advanced countries and developing countries. Furthermore, credit booms during the last five-year period, as well as monetary expansion, contributed to the probability of financial crises especially in developed countries.
JEL: 
G01
C33
G18
G21
G28
Document Type: 
Working Paper

Files in This Item:
File
Size
496.94 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.