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AI InsightBu çalışma 2008 Mortgage krizininin Türkiye’nin de içinde bulunduğu gelişmekte
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Özet
Bu çalışma 2008 Mortgage krizininin Türkiye’nin de içinde bulunduğu gelişmekte
Abstract
Comparing tranquil and shock periods’ dynamic conditional correlations; this study tests presence of “contagion effect” from the US to the group of countries that includes Turkey too -emerging European countries- during the latest global financial crisis (2008 Mortgage Crisis). The results reveal that although the contagion effect was observed for some of the emerging European countries, the crises did propagate to the rest of the emerging European countries due to strong normal day interdependence. The results reveal some key implications regarding methodological issues too as the conclusion regarding the presence of the contagion is highly dependent on econometric specifications and sample period diversifications.