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The role of geopolitical risks on the Turkish economy opportunity or threat

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  • Mansour-Ichrakieh, Layal
  • Zeaiter, Hussein

Abstract

The aim of this paper is to assess the extent of geopolitical risk (GPR) on the Turkish financial stability. Financial stability is calculated by constructing a New Financial Stress Index (NFSI), which includes for the first time in Turkey, the dollarization rate.

Suggested Citation

  • Mansour-Ichrakieh, Layal & Zeaiter, Hussein, 2019. "The role of geopolitical risks on the Turkish economy opportunity or threat," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    • Handle: RePEc:eee:ecofin:v:50:y:2019:i:c:s1062940819301445
    DOI: 10.1016/j.najef.2019.101000
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    More about this item

    Keywords

    Financial Stress Index; Geopolitical Risk; Threshold VAR; Currency crisis; Turkey;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models

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