In this context, the attentions have been drawn up on the crises which were led by the artificial welfare increases created by the gap between interest rate and exchange rate, and up on the unsustainability of artificially appreciated national currency with high interest rates in the economy.\r\n
📌 3 Key Takeaways
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Objective & Hypothesis:\r\n It is observed that the interest rate-exchange rate nexus in the Turkish economy appeared in the process of financial liberalization has formed a fragile structure and that this situation has triggered the economic crises along with the rising of the country's risk premium.
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Key Findings & Data:\r\n It is observed that the interest rate-exchange rate nexus in the Turkish economy appeared in the process of financial liberalization has formed a fragile structure and that this situation has triggered the economic crises along with the rising of the country's risk premium.
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Conclusion & Impact:In this context, the attentions have been drawn up on the crises which were led by the artificial welfare increases created by the gap between interest rate and exchange rate, and up on the unsustainability of artificially appreciated national currency with high interest rates in the economy.\r\n
\r\n It is observed that the interest rate-exchange rate nexus in the Turkish economy appeared in the process of financial liberalization has formed a fragile structure and that this situation has triggered the economic crises along with the rising of the country's risk premium. In this context, the attentions have been drawn up on the crises which were led by the artificial welfare increases created by the gap between interest rate and exchange rate, and up on the unsustainability of artificially appreciated national currency with high interest rates in the economy.\r\n
Özet
\r\n Türkiye ekonomisinde finansal liberalizasyon süreci ile ortaya çıkan faiz oranı-döviz kuru ilişkisinin kırılgan bir yapı oluşturduğu ve bu durumun ülkenin risk priminin yükselmesiyle birlikte ekonomik krizleri tetiklediği gözlenmiştir. Bu çerçevede ekonomide faiz oranı-döviz kuru makasının yarattığı suni refah artışlarının ortaya çıkardığı krizler ve yüksek faiz oranıyla birlikte suni biçimde değerlenen ulusal paranın sürdürülemezliği dikkat çekmektedir.\r\n
GERNİ, P. C., EMSEN, D. Ö. S., DEĞER, Y. M. K. (2020). Erken uyarı sistemleri yoluyla türkiye’deki ekonomik krizlerin analizi. İstanbul Üniversitesi Ekonometri ve İstatistik Dergisi, Cilt: 1 Sayı: 2. https://ajindex.com/articles/1041359