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The Effect of The Public Debt on The Financial System Transformation: A Case Study For Turkey

Author
Altaylıgil, Yasin Barış
Akkay, Reşat Can
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Abstract
Abstract The aim of the study is to investigate the relationship between domestic debt and financial development for the Turkish economy between 2002Q1-2012Q2. The previous panel data studies for developing countries suggest two main approaches. One view asserts a positive relationship between them while the other view asserts a negative relationship. Our results which are based on the time-series analysis support the second view which advocates the negative relationship between domestic indebtedness and financial development. On the other hand we criticize the generalization of the results provided by other studies. According to our view each country has different responses due to its own specific condition.
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http://hdl.handle.net/20.500.12627/187315
https://avesis.istanbul.edu.tr/api/publication/2aa925bc-c624-4a35-b278-9ae10cba5fad/file
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Creative Commons Lisansı

İstanbul Üniversitesi Akademik Arşiv Sistemi (ilgili içerikte aksi belirtilmediği sürece) Creative Commons Alıntı-GayriTicari-Türetilemez 4.0 Uluslararası Lisansı ile lisanslanmıştır.

DSpace software copyright © 2002-2016  DuraSpace
Contact Us | Send Feedback
Theme by 
Atmire NV