@article{2018,title={2006-20012 YILLARI ARASINDA BELÇİKA’ DA ORTAYA ÇIKAN POLİTİK İSTIKRARSIZLIĞIN MALİ PİYASALARI ÜZERINE ETKISI},abstractNode={As one of the six founder states of European Union, Belgium is one of the locomotive states which economically proved itself with its developed financial markets, as well as playing a remarkable role in the political arena. However,” Valon-Flaman” debate related to its historical roots seems an important obstacle that interrupts the political and economic life of Belgium in certain periods. The political instability starting from 2006 to 2012 can be cited for these periods. The aim of this article is to examine the effect of political instabilities of Belgium between 2006-2012 on its financial markets. In this period which the political stability could not be established the relationship of financial markets of Belgium with political instability has been researched by using Johansen Cointegration Analysis, and a cointegration in long term between the data has been identified. Besides, it is also identified that the objective function has been fallen into a structural crash between 2005-2011. While researching the relationship of political instability with unemployment and inflation, the same methods have been used, the cointegration in the long-term between data has been identified, but a structural crash in objective function could not be found. In accordance with these identified findings, it has been identified that the political instability on Belgium scale has affected the financial markets in a negative way, but its effect on the macroeconomic structure remained limited.},author={İbrahim Emre GÖKTÜRK-- H. Serdar YALÇINKAYA},year={2018},journal={The Journal of Academic Social Science}}