Kasal, Süleyman - In: Borsa Istanbul Review 23 (2023) 1, pp. 254-267
Using a Bayesian Vector Autoregressive Model (BVAR) analysis, this paper explores the link between financial stress, economic activity, and government debt in Turkiye from January 1992 to December 2020. First, using the equally variance weighting approach, we calculate a financial stress index...
