AN EARLY WARNING SYSTEM FOR TURKEY: THE FORECASTING OF ECONOMIC CRISIS BY USING THE ARTIFICIAL NEURAL NETWORKS
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 4
Abstract
An economic crisis is typically a rare kind of an event but it impedes monetary stability, fiscal stability, financial stability, price stability, and sustainable economic development when it appears. Economic crises have huge adverse effects on economic and social system. This study uses an artificial neural network learning paradigm to predict economic crisis events for early warning aims. This paradigm is being preferred due to its flexible modeling capacity and can be applied easily to any time series since it does not require prior conditions such as stationary or normal distribution. The present article analyzes economic crises occurred in Turkey for the period 1990-2011. The main question addressed in this paper is whether currency crises can be estimated by using artificial neural networks.
Authors and Affiliations
Fuat Sekmen| Assoc, Prof. Dr., Sakarya University, Faculty of Economics and Administrative Sciences, Department of Economics, Adapazari/Turkey, Murat Kurkcu| Ph.D.Candidate at Sakarya University, Faculty of Economics and Administrative Sciences, Department of Economics, Adapazari/Turkey
Keywords
Related Articles
- EP ID EP2026
- DOI -
- Views 475
- Downloads 41
DETERMINANTS OF LIFE EXPECTANCY: A PANEL DATA APPROACH
This study is concerned with understanding the factors that affect the life expectancy in 136 countries for the period 2002?2010. According to the life expectancy literature, the determinants of life expectancy can be cl...
CORPORATE GOVERNANCE AND FINANCIAL REPORTING IN THE NIGERIAN BANKING SECTOR: AN EMPERICAL STUDY
The objective of corporate governance in the strategic management of the banking industry in Nigeria is to ensure hearth financial system and economic development .This study therefore discusses the corporate governanc...
FINANCIAL MUTATIONS AND FRAGILITY OF THE TUNISIAN BANKS
Our study shows that financial liberalization has been followed by a profound transformation and banking system fragility. Our investigation test seeks to determine the fragility index of the Tunisian banking system over...
REGIONAL INTEGRATION AND FOREIGN INVESTMENT: THE CASE OF ASEAN COUNTRIES
The importance of regional integration in stimulating foreign direct investment cannot be overemphasized. With a special focus on the ASEAN countries, this research paper investigates the role of regional integration in...
INVESTIGATING THE INTERACTION BETWEEN FOREIGN DIRECT INVESTMENT AND HUMAN CAPITAL ON GROWTH: EVIDENCE FROM NIGERIA
The objectives of this study is to empirically examine the relationship between FDI, HCD and Economic growth in Nigeria and to ascertain the long run sustainability of FDI- induced growth process..Our result show that FD...