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To the Problem of Financial Safety Estimation: the Index of Financial Safety of Turkey

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  • Matkovskyy, Roman

Abstract

This paper proposes an approach to explore the strength of the financial system of Turkey against the possibility of financial disturbances appearing based on the construction of the Index of Financial Safety (IFS) of a country. For this purpose the macro-prudential approach, system analyses, the basic principles of the theory of logical inference, principal of parsimony, principal component analysis are used. The results showed that the IFS applied to Turkey is able to capture the main perturbations in its financial system.

Suggested Citation

  • Matkovskyy, Roman, 2013. "To the Problem of Financial Safety Estimation: the Index of Financial Safety of Turkey," MPRA Paper 47673, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:47673
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    File URL: https://mpra.ub.uni-muenchen.de/47673/1/MPRA_paper_47673.pdf
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    References listed on IDEAS

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    Cited by:

    1. Matkovskyy, Roman & Bouraoui, Taoufik & Hammami, Helmi, 2015. "Estimation and prediction of an Index of Financial Safety of Tunisia," MPRA Paper 74573, University Library of Munich, Germany, revised 2016.

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    More about this item

    Keywords

    Financial safety; index of financial safety (IFS); financial risks;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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