The 2000-2001 Turkish crisis has often been analysed in the literature without a solid econometric basis. This article presents a linear regression model as well as a logit model that enable us to measure the extent to which economic fundamentals and banking variables can account for the outcome...

In May 2004, the European Union (EU) has experienced the greatest enlargement in its history with the accession of ten new countries from Central and Eastern Europe. Yet Turkey is an associate member of the European Economic Community since 1963 with the Ankara Agreement and a privileged trade...

The recent global financial crisis is considered to be the most severe crisis which has led to a synchronised recession since the Great Depression in the 1930s. Europe is the most affected region in the world as a result of this crisis, and, as such, the sovereign debt crisis remains the most...