Investigating the Relationship Between the Financial Conditions Index with Economic Growth and Net Capital Inflow: Causality Analysis for Türkiye

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dc.contributor.authorKuloğlu, Eşref
dc.contributor.authorAkar, Nuri Çağrı
dc.date.accessioned2024-10-04T19:05:27Z
dc.date.available2024-10-04T19:05:27Z
dc.date.issued2024
dc.departmentBayburt Üniversitesien_US
dc.description.abstractThe global economic crisis, which had a devastating effect worldwide with the bankruptcy of Lehman Brother's investment bank in the United States of America in 2008, revealed that countries should indicate risks and take precautions accordingly. In this sense, the importance of the Financial Conditions Index (FCI), which was created by considering the monetary policy instruments of the country's central banks and various macroeconomic and financial variables as a whole, has also increased. FCI, the index that has taken place in the literature since the 1990s, with the growth of countries, has been investigated in empirical studies conducted after the global economic crisis. In this study, the related index is calculated using Principal Component Analysis (PCA), and the data generated is analyzed with growth and net capital inflow items. According to the results of the related analysis, while there is bidirectional causality between FCI and real gross domestic product (GDP) growth, one-way causality was found between FCI and net capital inflow. The index created accordingly is the Granger cause of the net capital inflow.en_US
dc.identifier.doi10.25229/beta.1399724
dc.identifier.endpage295en_US
dc.identifier.issn2548-0707
dc.identifier.issue1en_US
dc.identifier.startpage275en_US
dc.identifier.trdizinid1227780en_US
dc.identifier.urihttps://doi.org/10.25229/beta.1399724
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1227780
dc.identifier.urihttp://hdl.handle.net/20.500.12403/4430
dc.identifier.volume9en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofBulletin of economic theory and analysis (Online)en_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectFinancial Conditions Indexen_US
dc.subjectPrincipal Component Analysisen_US
dc.subjectToda Yamamoto Analysisen_US
dc.subjectNet Capital Inflowen_US
dc.titleInvestigating the Relationship Between the Financial Conditions Index with Economic Growth and Net Capital Inflow: Causality Analysis for Türkiyeen_US
dc.typeArticleen_US

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