Türkiye’de Finansal Gelişme Ve Finansal Kırılganlık İlişkisi Üzerine Bir Analiz: 2007-2019

Abstract

The process of financial liberalization, which has become widespread in the world since the 70s, has provided a positive contribution to the level of financial development of economies, as well as a basis for increasing the level of financial fragility. Turkey also joined the financial liberalization movement after 1980 and switched to full liberalization in 1989. Successive crises after 1990 were the lessons of the liberalization process for the Turkish financial system. Having evaluated these lessons well after the 2001 crisis, Turkey has been one of the economies that emerged from the 2008 global crisis with the least damage. In this study, in which the financial development Index and the financial fragility index were calculated for the period 2007-2019 using the Principal Component Analysis technique, the relations between these two indices were examined using the ARDL (boundary test) approach. The findings show that while the level of financial development is increasing in Turkey, financial fragility is gradually decreasing. This situation emphasizes the importance of legal and institutional regulations appeared in the financial sector.

Türkiye Özelinde Finansal Kırılganlık ve Temel Ekonomik Göstergeler

“…Bu bölümde benzer çalışmalardan bahsedilmektedir. Felek, Yayla ve Çeviş (2021), çalışmalarında 2007-2019 yılları arasında finansal gelişme endeksi ve finansal kırılganlık endeksi arasındaki ilişkiyi ARDL (sınır testi) tekniğiyle incelemişlerdir. Ulaşılan sonuçlar 2007 yılından itibaren finansal gelişmenin yükselmesi ile birlikte finansal kırılganlığın da azalmaya başladığını göstermektedir.…”