Predictability Of Financial Crises: Testing K.R.L. Model In The Case Of Turkey
AbstractThe aim of this study is to test predictability of 2007 Global Economic Crisis which hit Turkey by the help of macroeconomic data of Turkey. K.R.L. model is used to test the predictability. By the method of analyzing various leading early warning indicators, the success of the model in forecasting the crises is surveyed. The findings do not support K.R.L. models. Possible reasons for this are stated at the article.
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Bibliographic InfoArticle provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi University of Targu Jiu Annals - Economy Series.
Volume (Year): 2 (2012)
Issue (Month): (June)
Financial Crises; Leading Indicators; Signal Approach; K.R.L. Model;
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