Effects of economic crises after 1990 on the Turkish insurance sector

Özbek, Pelin
In this thesis, effects of economic crises after 1990 on the Turkish insurance sector are analyzed with special emphasis on 1994, 2001 and 2008 crises. In the first step, EGARCH model is used to measure the exchange rate uncertainty. Then, a time series model for the aggregate analysis and a panel data model for the disaggregate analysis which both include the estimated exchange rate uncertainty together with other macroeconomic and firm specific variables are set up. The results indicate that aggregate and disaggregate analyses suggest different variables in explaining the premium production which is used as a proxy for the performance of the insurance sector. Nevertheless, the common conclusion was that the growth of premium production decelerates during the crisis periods at a varying degree depending on the year of crisis. 2001 crisis is found to be the crisis which has the most detrimental impact on the Turkish insurance sector. On the other hand, effects of the 2008 crisis are found to be relatively limited.


Leading indicators of currency crises: the case of Turkey
Ant, Müge; Ekinci, Nazım; Department of Economics (2002)
This thesis examines the 1994 and 2001 currency crises in Turkey from the perspective of the leading indicators of currency crises. By applying a methodology proposed by Kaminsky, Lizondo and Reinhart in 1998, the study examines the behaviour of the leading indicators in Turkey in the 1990s and determines whether fundamentals were deteriorated on the eve of the crises. The thesis also attempts to identify the variables that are most useful in predicting possible currency crises in Turkey.
Terms of trade and economic development in Turkey since 1970
Tuğan, Mustafa; Somel, A.muhittin Cem; Department of Economics (2006)
In this thesis, the terms of trade changes in Turkey since 1970 are analyzed. In the 1970s, Turkey faced strong terms of trade declines mainly due to two oil price shocks. Rapid diversification of Turkish exports into manufactures was instrumental in avoiding further declines in its terms of trade in the 1980s. However, the slow pace of the diversification into more skill- and technology-intensive manufactures in Turkey combined with the fallacy of composition problem in low-tech, labourintensive manufactur...
The role of regional policies along with the external and endogenous factors in the resilience of regions
Eraydın, Ayda (2016-03-01)
This article aims to discuss the importance of the different policies and measures defined by governments in the resilience of regions, besides their connectedness to the global economic system and their endogenous capacities. The article explores the importance of different attributes in the resilience of Turkish regions (26 NUTS II regions) in the last two recessionary shocks and in the following recovery periods. By analysing the role of regional policies in the resilience of regions in two distinct peri...
The Macroprudential supervision in the aftermath of the 2008 global financial crisis: the US example /
Dervişler, Olgu; Yalman, Osman Galip; Department of Political Science and Public Administration (2015)
In 2008, the world economies have come across with a severe economic depression which is one of the biggest economic crises in the history. In the aftermath of the 2008 Global Financial Crisis, the role of the surveillance mechanisms on the provision of financial robustness and soundness has been discussed by many scholars. In this period, the significance of monitoring, assessing and controlling the systemic risk has been emphasized by the policymakers. On the other hand, it has become a current issue that...
Construction of 'new worker' in the post 1980 Turkey: an analysis of discourse of Türk-İş, Hak-İş and Disk
Deli, Volkan; Beşpınar Akgüner, Fatma Umut; Department of Sociology (2010)
This study aims at understanding the discursiveness of Türk-İş, Hak-İş and DİSK against the neoliberal policies textually and discursively shaped by the governments and employers in the years between 1980 and 2003 in Turkey. In this sense, Norman Fairclough's critical discourse analysis and Laclau and Mouffe's discourse theory constitute the theoretical framework of this study. In this theoretical perspective, this study analyzes discourses of the labor confederations in four historical moments called Janua...
Citation Formats
P. Özbek, “Effects of economic crises after 1990 on the Turkish insurance sector,” M.S. - Master of Science, Middle East Technical University, 2010.