Özet:

Economic vulnerability is a major problem that makes the economies, including emerging markets, undefenseful against shocks and disrupts the system’s functioning. Vulnerability leads to instability by increasing risk and uncertainty in the markets. The study aims to compare the macroeconomic vulnerability for Turkey and selected rising markets. The analysis will be carried out in the framework of the six main indicators used by the Fed to measure vulnerability in emerging markets. The results of the analysis, using the data of the national-rational organizations, are as follows: i) The significant indicator that causes vulnerability in emerging markets is open and inflation. (ii) Egypt, Pakistan, Turkey, Nigeria, Brazil, Colombia and South Africa have a vulnerability to three or more indicators. (iii) Turkey, currency open, inflation and the highest total external debt, is vulnerable to indicators of excess currency reserves.

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