Özet:

The concept of vulnerability, defined as problems that have a negative impact on the macroeconomic indicators of countries from the developments in the internal and external conjuncture and that lead to instability by increasing risk and uncertainty in the country’s economies, has begun to come to the forefront due to instability and crises in the world economy in recent periods. This study aims to compare the macroeconomic vulnerability of Turkey and the Balkans for the period 2007-2017. From this framework, the literature on macroeconomic vulnerability has been studied and the performance of Turkey and the Balkans countries has been analyzed through various basic economic indicators. The analysis has taken advantage of six fundamental variables to measure macroeconomic vulnerability: financial vulnerability (budget balance/GDP, public debt/GDP), financial vulnerability (GDP of domestic loans to the private sector, annual credit growth rates) and external vulnerability (cost balance/GDP, currency reserve/GDP). In comparison, the elements that lead to vulnerability in the Turkish economy are the currency balance/GDP, annual credit growth rate and exchange reserves/GDP, while Bulgaria exchange reserves/GDP, budget balance/GDP and public debt/GDP, Kosovo budget balance/GDP, domestic credit growth have been the countries that have been vulnerable. Greece is in the position of the countries that are examined with its weaknesses in currency balance/GDP, currency reserve/GDP, budget balance/GDP, public debt/GDP and domestic credit growth.

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