TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY

The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothe...

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Main Author: Murat Akkaya
Format: Article
Language:English
Published: Mehmet Akif Ersoy University 2022-11-01
Series:Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
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Online Access:https://dergipark.org.tr/en/download/article-file/1316797
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author Murat Akkaya
author_facet Murat Akkaya
author_sort Murat Akkaya
collection DOAJ
description The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.
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publisher Mehmet Akif Ersoy University
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series Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
spelling doaj-art-cf1c13d9b43f4c90b301ce94888012152025-01-27T13:59:22ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582022-11-01931507152110.30798/makuiibf.802005273TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEYMurat Akkaya0https://orcid.org/0000-0002-7071-8662T.C. İstanbul Arel ÜniversitesiThe main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.https://dergipark.org.tr/en/download/article-file/1316797finansal krizüçüz açık baskı endeksimodellemetürkiyefinancial crisistripal deficit pressure indexmodelingturkey
spellingShingle Murat Akkaya
TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
finansal kriz
üçüz açık baskı endeksi
modelleme
türkiye
financial crisis
tripal deficit pressure index
modeling
turkey
title TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
title_full TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
title_fullStr TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
title_full_unstemmed TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
title_short TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
title_sort triple deficit pressure index and estimation of the financial crisis the case of turkey
topic finansal kriz
üçüz açık baskı endeksi
modelleme
türkiye
financial crisis
tripal deficit pressure index
modeling
turkey
url https://dergipark.org.tr/en/download/article-file/1316797
work_keys_str_mv AT muratakkaya tripledeficitpressureindexandestimationofthefinancialcrisisthecaseofturkey