Resilience of the Turkish Financial System to Failed Coup Attempt

KAYHAN S., KAR M.

Bilig, vol.79, no.79, pp.275-291, 2016 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 79 Issue: 79
  • Publication Date: 2016
  • Journal Name: Bilig
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, TR DİZİN (ULAKBİM)
  • Page Numbers: pp.275-291
  • Keywords: Coup attempt, Turkish economy, financial markets, financial stability, fragile five, CDS premiums
  • Ankara University Affiliated: No

Abstract

In this study, we aim to analyze the impact of coup attempt carried out on 15th of July on financial sector and the economy of Turkey. In this regard, we investigate a number of variables to see the volatility in financial system and change in the whole economy. Analysis results indicates that the coup attempt did not affect financial system and it works efficiently after a short run recession. In the light of findings, we conclude that the Turkish economy and the financial system are in a good position among emerging market economies.