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Journals / Akademik İncelemeler Dergisi / 2018 / Cilt: 13 - Sayı: 2

A Different Perspective to 2000-2001 Turkish Economic Crisis: A Review in the Framework of Asymmetric Information Theory

2000-2001 TÜRKİYE EKONOMİK KRİZİ’NE FAKLI BİR BAKIŞ: ASİMETRİK BİLGİ TEORİSİ ÇERÇEVESİNDE BİR DEĞERLENDİRME

Esra N. KILCI
Pages
363–385
Publication Date
2018-10-01
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In tis study, the Turkish 2000-2001 Crisis, which takes special attention in academic literature in terms of their results and the economic damages, are analyzed under the asymmetric information theory; the factors which are thought to trigger in crises such as financial liberalization, negative macro-economic indicators, deposit insurance, moral hazard problem and deterioration in the banking sector balance-sheets are evaluated and the consistency of this severe crisis with the theory is investigated.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:With financial liberalization processes which started during the 1980’s, Turkey and the other emerging market economies have experienced many financial volatilities.
📊
Key Findings & Data:From past to present, the most severe of these for Turkey is certainly the banking and currency crisis experienced in the period of 2000-2001.
💡
Conclusion & Impact:In tis study, the Turkish 2000-2001 Crisis, which takes special attention in academic literature in terms of their results and the economic damages, are analyzed under the asymmetric information theory; the factors which are thought to trigger in crises such as financial liberalization, negative macro-economic indicators, deposit insurance, moral hazard problem and deterioration in the banking sector balance-sheets are evaluated and the consistency of this severe crisis with the theory is investigated.
🔬Design:Research Article
📍Scope:2000-2001 Verileri
⚙️Variables:2000-2001 Türkiye Ekonomik Krizi · Asimetrik Bilgi · Finansal Liberalizasyon

Abstract

With financial liberalization processes which started during the 1980’s, Turkey and the other emerging market economies have experienced many financial volatilities. From past to present, the most severe of these for Turkey is certainly the banking and currency crisis experienced in the period of 2000-2001. In tis study, the Turkish 2000-2001 Crisis, which takes special attention in academic literature in terms of their results and the economic damages, are analyzed under the asymmetric information theory; the factors which are thought to trigger in crises such as financial liberalization, negative macro-economic indicators, deposit insurance, moral hazard problem and deterioration in the banking sector balance-sheets are evaluated and the consistency of this severe crisis with the theory is investigated.

Özet

1980’li yıllarda başlayan finansal liberalizasyon süreçleriyle birlikte, Türkiye ve diğer gelişmekte olan ülkelerde irili ufaklı çok sayıda finansal dalgalanma yaşanmıştır. Günümüze kadar olan periyodda, bu dalgalanmalardan ülkemiz açısından en şiddetli olanı şüphesiz, 2000-2001 döneminde yaşanan bankacılık ve para krizidir. Bu çalışmada, ülke ekonomisinde yol açtığı büyük hasarların ve krize yol açan majör faktörlerin değerlendirilmesi açısından akademik literatürde büyük ilgi gören Türkiye 2000-2001 Krizi asimetrik bilgi teorisi çerçevesinde değerlendirilmiş; finansal liberalizasyon, makro-ekonomik göstergelerdeki olumsuzluklar, mevduat sigortası uygulaması, ahlaki risk problemi ve bankacılık sektörü bilançolarındaki bozulmalar gibi krizlerde tetikleyici etkisi olduğu düşünülen faktörler ele alınmış; oldukça şiddetli bir şekilde yaşanan ekonomik krizin teoriyle olan tutarlılığı irdelenmiştir.

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Cite This Article

KILCI, E. N. (2018). A Different Perspective to 2000-2001 Turkish Economic Crisis: A Review in the Framework of Asymmetric Information Theory. Akademik İncelemeler Dergisi, Cilt: 13 - Sayı: 2, 363–385. https://ajindex.com/articles/4633

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