The Analysis of 2008 Global Crisis in Terms of the Sustainability of Public Debt Stock and Budget Deficits of PIIGS Countries Panel Data Analysis

The Analysis of 2008 Global Crisis in Terms of the Sustainability of Public Debt Stock and Budget Deficits of PIIGS Countries Panel Data Analysis

Binhan Elif Yilmaz, Ferda Yerdelen Tatoglu, Sinan Ataer
ISBN13: 9781466674844|ISBN10: 1466674849|EISBN13: 9781466674851
DOI: 10.4018/978-1-4666-7484-4.ch020
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MLA

Yilmaz, Binhan Elif, et al. "The Analysis of 2008 Global Crisis in Terms of the Sustainability of Public Debt Stock and Budget Deficits of PIIGS Countries Panel Data Analysis." Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry, edited by Zeynep Copur, IGI Global, 2015, pp. 329-336. https://doi.org/10.4018/978-1-4666-7484-4.ch020

APA

Yilmaz, B. E., Tatoglu, F. Y., & Ataer, S. (2015). The Analysis of 2008 Global Crisis in Terms of the Sustainability of Public Debt Stock and Budget Deficits of PIIGS Countries Panel Data Analysis. In Z. Copur (Ed.), Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry (pp. 329-336). IGI Global. https://doi.org/10.4018/978-1-4666-7484-4.ch020

Chicago

Yilmaz, Binhan Elif, Ferda Yerdelen Tatoglu, and Sinan Ataer. "The Analysis of 2008 Global Crisis in Terms of the Sustainability of Public Debt Stock and Budget Deficits of PIIGS Countries Panel Data Analysis." In Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry, edited by Zeynep Copur, 329-336. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-7484-4.ch020

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Abstract

In this chapter, we have focused the impacts of 2008 global crisis on the debt policies and the sustainability of debts in the PIIGS Countries. For that, the circumstances of the global crisis are examined, and the economic condition before the crisis is handled. As a main objective, the public debt indicators of PIIGS Countries are pointed out. The ratios and budget units are evaluated in terms of sustainability of debts. While making these evaluations and examinations our method was panel data analysis which can be found at the end of this chapter. In this method, public debt ratios and the sustainability conditions of the public debts in the PIIGS Countries are used as the determinants of public debts sustainability.

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