01809cas a2200265 a 4500 AALejournalIMF009610 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867978 1018-5941 BD-DhAAL BD-DhAAL Keller, Christian. Measuring Sovereign Risk in Turkey : An Application of the Contingent Claims Approach / Christian Keller, Peter Kunzel, Marcos Souto. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Improved macroeconomic conditions and changes to the asset-liability structure on Turkish balance sheets since the 2001 crisis have improved Turkey's overall sovereign risk profile. Nonetheless, the country remains subject to bouts of volatility, as evidenced most recently in the May/June 2006 market turbulence. This paper examines these changes in Turkey's risk profile using the Contingent Claims Approach (CCA), to quantify the evolution of Turkey's sovereign risk, relate risk indicators to market prices of risk, and conduct scenario analyses to assess the effects of potential market volatility and policy adjustments on key risk indicators. Mode of access: Internet Kunzel, Peter. Souto, Marcos. IMF Working Papers; Working Paper ; No. 2007/233 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/233/001.2007.issue-233-en.xml IMF e-Library