KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001

KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001

Filiz Eryılmaz
ISBN13: 9781466694842|ISBN10: 146669484X|EISBN13: 9781466694859
DOI: 10.4018/978-1-4666-9484-2.ch011
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MLA

Eryılmaz, Filiz. "KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001." Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems, edited by Qaiser Munir, IGI Global, 2016, pp. 222-239. https://doi.org/10.4018/978-1-4666-9484-2.ch011

APA

Eryılmaz, F. (2016). KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001. In Q. Munir (Ed.), Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems (pp. 222-239). IGI Global. https://doi.org/10.4018/978-1-4666-9484-2.ch011

Chicago

Eryılmaz, Filiz. "KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001." In Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems, edited by Qaiser Munir, 222-239. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-4666-9484-2.ch011

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Abstract

International organizations as private sector institutions started to develop Early Warning System [EWS] models aiming to anticipate whether and when individual countries can collide with a financial crisis. EWS models can be made most useful to help sustain global growth and maintain financial stability, especially in light of the lessons learned from the current and past crises. This paper proposes Early Warning Systems (EWS) for Turkish Currency and Banking Crisis in 2000 and 2001. To that end “KLR model” or “signaling window” approach developed by Kaminski, Lorezondo and Reinhart (1998) is testified in the empirical part of this research and applied to a sample of Turkey macroeconomic data for the 1998-2003 monthly periods.

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