IDEAS home Printed from https://ideas.repec.org/p/eyd/cp2013/2.html
   My bibliography  Save this paper

Kamu Kesiminde Finansal İstikrarsızlık: Türkiye’ye İlişkin Bir Değerlendirme

Author

Listed:
  • Oğuz Arslan

    (Department of Public Finance, Anadolu University, Eskişehir, Turkey)

Abstract

Bu çalışma Minsky’nin ‘Finansal İstikrarsızlık Hipotezi’ne dayalı olarak kamu kesiminde finansal istikrarsızlığın ölçülmesini ele almaktadır. Bu çerçevede, 2000-2011 yıllarını kapsayan dönemde Türk kamu kesiminde Minskiyen anlamda bir finansal istikrarsızlığın var olup olmadığı araştırılmaktadır. Bu amaçla hem dar anlamda hem de geniş anlamda kamu kesimi için iki ayrı ‘Finansal İstikrarsızlık Endeksi’ oluşturulmuştur. Her iki endeks de, ele alınan dönemde Türk kamu kesiminin sürekli olarak ‘spekülatif’ finansman durumunda kaldığını ve hatta 2000/2001 Ekonomik Krizi ve 2008-2009 Küresel Finansal Krizi yıllarında ‘Ponzi’ finansman durumuna çok yaklaştığını açık bir biçimde ortaya koymaktadır.

Suggested Citation

  • Oğuz Arslan, 2013. "Kamu Kesiminde Finansal İstikrarsızlık: Türkiye’ye İlişkin Bir Değerlendirme," EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey 2, Ekonomik Yaklasim Association.
    • Handle: RePEc:eyd:cp2013:2
    Note: [English Title] Financial Instability in Public Sector: An Evaluation for Turkey [English Abstract] This paper deals with the measurement of financial instability in public sector based on Minsky’s ‘Financial Instability Hypothesis’. In this context, it is explored that whether there was a financial instability or not in Turkish public sector in the period of 2000-2011. To this aim, two financial instability indices were developed for public sector in narrow and in broad senses. Both indices bring into sharp relief that Turkish public sector continuously stayed in ‘speculative’ financial position in this period, and insomuch that it came very close to ‘Ponzi’ financial position in the years of 2000/2001 Economic Crisis and 2008-2009 Global Financial Crisis. [English Keywords] Financial Instability Hypothesis, Public Sector, Economics of Public Sector
    as

    Download full text from publisher

    File URL: http://www.ekonomikyaklasim.org/eyc2013/?download=Paper%202.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Finansal İstikrarsızlık Hipotezi; Kamu Kesimi; Kamu Kesimi Ekonomisi;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eyd:cp2013:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ozan Eruygur (email available below). General contact details of provider: http://www.ekonomikyaklasim.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.