A general model for financial crises: An application to eurozone crisis

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dc.authoridYener, Haluk/0000-0003-2654-5810
dc.contributor.authorYener, Haluk
dc.contributor.authorSoybilgen, Baris
dc.contributor.authorStengos, Thanasis
dc.date.accessioned2024-07-18T20:42:44Z
dc.date.available2024-07-18T20:42:44Z
dc.date.issued2020
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractWe provide a mathematical framework to spot the non-resilient periods of an economy and understand the reason why an economy becomes non-resilient. Our non-resilience indicator spots the distressful periods of sixteen European economies successfully over the course of almost thirty years. To understand why these economies became non-resilient, we solve a problem related to survival analysis and establish an analytic relationship between the leverage level of an economy and its macro fundamentals. We apply our approach to the same group of countries and show with a vector autoregressive model why certain indebted European economies still struggle years after the crisis.en_US
dc.identifier.doi10.1016/j.iref.2020.05.017
dc.identifier.endpage229en_US
dc.identifier.issn1059-0560
dc.identifier.issn1873-8036
dc.identifier.scopus2-s2.0-85089732443en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage202en_US
dc.identifier.urihttps://doi.org/10.1016/j.iref.2020.05.017
dc.identifier.urihttps://hdl.handle.net/11411/7402
dc.identifier.volume70en_US
dc.identifier.wosWOS:000591439700014en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofInternational Review of Economics & Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectForeign Debten_US
dc.subjectDebt Crisesen_US
dc.subjectDebt Crises International Financeen_US
dc.subjectCurrent Account Deficiten_US
dc.subjectStochastic Optimal Controlen_US
dc.subjectStochastic Optimal-Controlen_US
dc.subjectTimeen_US
dc.subjectSurvivalen_US
dc.subjectGrowthen_US
dc.subjectRisken_US
dc.titleA general model for financial crises: An application to eurozone crisis
dc.typeArticle

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