@article{2020,title={ANALYSIS OF FINANCIAL CONVERGENCE WITH UNIT ROOT TESTS IN FRAGILE FIVES COUNTRIES},abstractNode={The convergence hypothesis is subject to empirical studies on many macroeconomic indicators along with the developments in economics and econometrics theories. In this study we investigated financial convergence in Brazil, India, Indonesia, South Africa and Turkey named of fragile five with unit root tests. In the study covering the period of 1980-2017, financial development index (FDI) was used as a variable. According to linear unit root test results there is no financial convergence in all countries. The Fourier unit root test results show financial divergence in Brazil, India, Indonesia, South Africa and financial convergence in Turkey. In all countries subject to empirical analysis, financial convergence has begun in the post-2000 period.},author={Yavuz ÖZEK-Halil Oğuzhan ERGÜR},year={2020},journal={Kesit Akademi}}