International Conference on Eurasian Economies
9-11 September 2015 – Kazan, RUSSIA
Paper detail
Paper ID : 1353
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Dr. Yusuf Ziya Tengiz
Session : 2C Finansal Krizler
The Analysis of the Effects of Financial Risks in Turkey and Russia on Basic Economical Data between 2000-2014
2000-2014 Yılları Arasında Türkiye ve Rusya’da Finansal Risklerin Temel Ekonomik Veriler Üzerine Etkilerinin Analizi
- Dr. Yusuf Ziya Tengiz (Kadir Has University, Türkiye)
- Assoc. Prof. Dr. Emine Şule Aydeniz (Yeditepe University, Türkiye)
Abstract
Financial risks affect the basic economic indicators in a negative way and cause structural deformation of the countries’ economy. In this study, the most effected economic indicators due to financial risks in Turkey and Russia and to activate their economical future plans are determined. Thereby Turkey and Russia can execute economical collaboration due to their powerful economies. The basic reason for choosing Russia among the Eurasian countries is that Russia economic aspect is the most patronized among these countries. Linear regression analyze method is applied. Financial risks like exchange rates, interest rates and inflation are determined as independence variants and each economic indicator as dependent variant. Gross domestic product (GDP) is mostly affected by annual deposit interest rate (ADIR) and annual loan rate (ALR) in Turkey and by annual loan rate and inflation in Russia. GDP growth rate is not affected by financial risks in Turkey and Russia. Public gross import stock is affected by ADIR and ALR in Turkey and ALR in Russia. Public gross export stock is affected by US-dollar rate of exchange (RoE) in Turkey and Euro (RoE) in Russia. Import is affected by ADIR and ALR in Turkey and by ALR and Euro – Rouble rate (ERR) in Russia. Both countries export are affected by the same parameters. Current account balance is affected by ADIR and ALR in Turkey and ADIR and ERR in Russia. Composite index is not affected by financial risks in both countries. Same result is valid in foreign direct investment and GDP growth rate.
JEL codes: G01, C19, E00
Tengiz, Yusuf Ziya, Aydeniz, Emine Şule (2015). "The Analysis of the Effects of Financial Risks in Turkey and Russia on Basic Economical Data between 2000-2014" in Proceedings of International Conference of Eurasian Economies 2015, pp.381-387, Kazan, RUSSIA.
DOI: https://doi.org/10.36880/C06.01353
