Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022

Yusuf Pala; Hakan Yıldırım

Makale detayları

Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022

Yazarlar:

Yusuf Pala | Hakan Yıldırım

Yayıncı:

Ege University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 3, pp.523-554

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001354519

pISSN:

1303-099X

Anahtar kelimeler:

Özet:

 The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization. Bilateral agreements and regional partnerships have been observed more frequently. One of the recent successful examples of such efforts is the Organization of Turkic States, which includes Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, and Türkiye. This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022. Using data from the International Monetary Fund database, an integrated approach of CRITIC, GRA, and SAW methods is employed. The results, consolidated using the Borda Count technique, provide a ranking of the financial soundness of these countries during the specified period. According to the analysis findings, the financial soundness performance rankings are as follows: Kazakhstan, Türkiye, Uzbekistan, and Kyrgyzstan. This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

 The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization. Bilateral agreements and regional partnerships have been observed more frequently. One of the recent successful examples of such efforts is the Organization of Turkic States, which includes Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, and Türkiye. This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022. Using data from the International Monetary Fund database, an integrated approach of CRITIC, GRA, and SAW methods is employed. The results, consolidated using the Borda Count technique, provide a ranking of the financial soundness of these countries during the specified period. According to the analysis findings, the financial soundness performance rankings are as follows: Kazakhstan, Türkiye, Uzbekistan, and Kyrgyzstan. This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

 The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization. Bilateral agreements and regional partnerships have been observed more frequently. One of the recent successful examples of such efforts is the Organization of Turkic States, which includes Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, and Türkiye. This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022. Using data from the International Monetary Fund database, an integrated approach of CRITIC, GRA, and SAW methods is employed. The results, consolidated using the Borda Count technique, provide a ranking of the financial soundness of these countries during the specified period. According to the analysis findings, the financial soundness performance rankings are as follows: Kazakhstan, Türkiye, Uzbekistan, and Kyrgyzstan. This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

 The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization. Bilateral agreements and regional partnerships have been observed more frequently. One of the recent successful examples of such efforts is the Organization of Turkic States, which includes Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, and Türkiye. This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022. Using data from the International Monetary Fund database, an integrated approach of CRITIC, GRA, and SAW methods is employed. The results, consolidated using the Borda Count technique, provide a ranking of the financial soundness of these countries during the specified period. According to the analysis findings, the financial soundness performance rankings are as follows: Kazakhstan, Türkiye, Uzbekistan, and Kyrgyzstan. This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

Makale detayları

Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022

Yazarlar:

Yusuf Pala | Hakan Yıldırım

Yayıncı:

Ege University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 3, pp.523-554

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001354519

pISSN:

1303-099X

Financial Soundness

Financial Stability

Organization of Turkic States

CRITIC

GRA Method

SAW Method.

Sayı

Makale detayları

Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022

Yazarlar: Yusuf Pala | Hakan Yıldırım

Yayıncı: Ege University

Ana Başlıklar: Finansal Ekonomi

Dergi: Ege Akademik Bakış Dergisi Vol.25 Issue 3, pp.523-554

Belge Tipi: Makale

Yayın Tarihi: 6/2025

Belge Dili: İngilizce

Document ID (Org No.): 2001354519

pISSN: 1303-099X

Financial Soundness

Financial Stability

Organization of Turkic States

CRITIC

GRA Method

SAW Method.

Sayı

Yazarlar:

Yusuf Pala | Hakan Yıldırım

Yayıncı:

Ege University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 3, pp.523-554

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001354519

pISSN:

1303-099X