KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001

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Author(s): Filiz Eryılmaz (Uludağ University, Turkey)
Copyright: 2016
Pages: 18
Source title: Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
Source Author(s)/Editor(s): Qaiser Munir (Universiti Malaysia Sabah, Malaysia)
DOI: 10.4018/978-1-4666-9484-2.ch011

Keywords: Accounting & Finance / Accounting and Finance / Business & Management / Business Science Reference

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Abstract

International organizations as private sector institutions started to develop Early Warning System [EWS] models aiming to anticipate whether and when individual countries can collide with a financial crisis. EWS models can be made most useful to help sustain global growth and maintain financial stability, especially in light of the lessons learned from the current and past crises. This paper proposes Early Warning Systems (EWS) for Turkish Currency and Banking Crisis in 2000 and 2001. To that end “KLR model” or “signaling window” approach developed by Kaminski, Lorezondo and Reinhart (1998) is testified in the empirical part of this research and applied to a sample of Turkey macroeconomic data for the 1998-2003 monthly periods.

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KLR Approach as an Early Warning Indicator of Turkish Currency and Banking Crisis in 2000 and 2001

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