The Relationship Between Real ExchangeRate, Interest Rate And Current Account Deficit in the Context of Financial Crises: The Case of Turkey

Beginning after the Second World War, with the acceleration of the international financial integration process in the 1990s, the concept of financial crisis emerged with the integration of national and international financial markets. Domestic and foreign financial liberalization initiatives, which are carried out by ignoring the tendency of liberalization and opening up in developed and developing countries and macroeconomic instability, cause financial crises. The instability in the financial markets, which affects the country's economy and companies with its microeconomic dimension, in terms of macroeconomic indicators (exchange rate, interest rate, etc.) of unexpected events in the economy leads to instability in international financial markets and financial and real crises. In this study it is aimed to examine with Nazlioglu et al.