Liability Dollarization and Exchange Rate Balance Sheet Effect On Turkey
ISTANBUL UNIVERSITY JOURNAL OF FACULTY OF POLITICAL SCIENCES-SIYASAL BILGILER FAKULTESI DERGISI, sa.43, ss.177-204, 2010 (ESCI, TRDizin)
- Yayın Türü: Makale / Tam Makale
- Basım Tarihi: 2010
- Dergi Adı: ISTANBUL UNIVERSITY JOURNAL OF FACULTY OF POLITICAL SCIENCES-SIYASAL BILGILER FAKULTESI DERGISI
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.177-204
- Bursa Uludağ Üniversitesi Adresli: Evet
Özet
Financial crises occurring in emerging markets during the late 1990's caused significant changes in literature. Financial crises used to be explained in terms of macroeconomic variables until the late 1990s. Recent studies, however, consider the role of microeconomic variables in the formation of financial crisis. In the case of real depreciation, currency mismatch that affects the balance sheet of firms negatively may lead a decrease in investments. In this study, the results of balance sheet effect of liability dollarization in manufacturing sector for 1998-2007 were investigated by Dynamic Panel Data (DPD) model.