Return to search

Effects Of Economic Crises After 1990 On The Turkish Insurance Sector

In this thesis, effects of economic crises after 1990 on the Turkish insurance sector are analyzed with special emphasis on 1994, 2001 and 2008 crises. In the first step, EGARCH model is used to measure the exchange rate uncertainty. Then, a time series model for the aggregate analysis and a panel data model for the disaggregate analysis which both include the estimated exchange rate uncertainty together with
other macroeconomic and firm specific variables are set up. The results indicate that aggregate and disaggregate analyses suggest different variables in explaining the
premium production which is used as a proxy for the performance of the insurance sector. Nevertheless, the common conclusion was that the growth of premium
production decelerates during the crisis periods at a varying degree depending on the year of crisis. 2001 crisis is found to be the crisis which has the most detrimental impact on the Turkish insurance sector. On the other hand, effects of the
2008 crisis are found to be relatively limited.

Identiferoai:union.ndltd.org:METU/oai:etd.lib.metu.edu.tr:http://etd.lib.metu.edu.tr/upload/12612617/index.pdf
Date01 September 2010
CreatorsOzbek, Pelin
ContributorsGaygisiz, Esma
PublisherMETU
Source SetsMiddle East Technical Univ.
LanguageEnglish
Detected LanguageEnglish
TypeM.S. Thesis
Formattext/pdf
RightsTo liberate the content for METU campus

Page generated in 0.0018 seconds