GLOBAL FİNANCİAL CRİSİS AND ITS EFFECT TO THE MACROECONOMİC INDİCATORS OF TURKİSH WORLD: TURKEY AND AZERBAİJAN SAMPLE
Journal Name:
- Khazar Journal of Humanities and Social Sciences
Author Name | University of Author |
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Abstract (2. Language):
Actually the global crisis has emerged because of the rise of liquidity of the financial markets since 2000 till to the end of 2006.The expansion of housing credit based on the the rise of liquidity and converting to the securities by means of the secondary market and respectively the spread of the problems of the housing markets from one financial market to the another created a deeper position.So the crisis affected the whole index of the macroeconomics in the following days.
The crisis emerging at the housing sector of the U.S.A and its prevalence covering the whole markets reached a global dimension and became effective over the macroeconomics of the countries.The global crisis has effected the macroeconomic variables of Turkey and Azerbaijan and an estimation of continuity of the crisis has formed in the minds.
In this study,the emerging of the financial crisis and its effections to the global economy shortly summorized and compared the current crisis reflections to the Turkish and Azerbaijani’s macroeconomics index.
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