CDS PRİMLERİ ÜZERİNDE ETKİLİ OLAN MAKROEKONOMİK GÖSTERGELERİN ARAŞTIRILMASI: TÜRKİYE ÖRNEĞİ.

CDS premiums have become an important element that is widely used as an alternative to credit rating grades in the measurement of credit risk in national economies. For this reason, determining the factors explaining the changes in country CDS premiums is very important in the macro financial literature. It has been investigated whether a change observed in the external debt/GDP ratio, unemployment, inflation ratios and GDP growth rates, which are among the factors affecting country CDS premiums, cause a statistically significant change on country CDS premiums. Quarterly data for the related variables between the years 2010-2019 were used in the study. In the study, VAR Analysis, Variance Decomposition, Granger Causality Analysis were performed. [ABSTRACT FROM AUTHOR]