2026-10-30T01:53:08Zhttps://bayburt-rdlopen.rawdatalibrary.net/oai/requestoai:bayburt-rdlopen.rawdatalibrary.net:bayburt/155022026-10-29T19:20:32Zopenairecom_bayburt_10000col_bayburt_10001Minsky Financial Instability Hypothesis and the Case of TurkeyYamak, RahmiKorkmaz, Özgeİktisatİşletme FinansThe global crisis which has arisen from American ho- using market in 2007 and has affected the whole worldand Turkey has motivated to re-examine current eco- nomic policies and its implications. Hyman Minskyexplained the concept of instability that resulted fromthe deterioration of debt-income ratio as the FinancialInstability Hypothesis. According to Financial Instabi- lity Hypothesis, the cause of thefinancial crisis is thefact of excessive borrowing in the financial system. In the literature, although there have been many theoreti- cal studies on Financial Instability Hypothesis, recentlydiscussed with the global crisis, there have been fewstudies in which statistical dimension of the hypothesiswas examined. In this study, the relationships betweenand credit/income rate as financial fragility 6-quartermoving standard deviation of the real GDP as econo- mic stability or instability indicator in Turkey havebeen analyzed by using VAR approach for the periodafter 1980.2015Articlehttps://rdlopen.rawdatalibrary.net/r/bayburt/155021303-0876trAnadolu Üniversitesi Sosyal Bilimler Dergisiinfo:eu-repo/semantics/closedAccessinfo:eu-repo/semantics/articlehttps://bayburt-rdlopen.rawdatalibrary.net/tr/items/bayburt/15502