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Author: Salman Agha Publisher: ISBN: Category : Languages : en Pages : 18
Book Description
The objective of this paper is to examine several aspects of the banking market in Turkey to assess the nature of its structure and the state of competition. What kind of market structure exists in banking after the reforms? Was the entry of new banks sufficient to transform the market structure into a competitive one or did the distortions resulting from earlier financial and regulatory policies built endogenous constraints into the system thwarting competition regardless of new entry? Now that regulatory entry barriers are gone, are there mobility barriers in the system? These are some of the questions this study attempts to provide answers by drawing on market structure studies found in industrial organization literature and applying them to the Turkish banking market. The focus is on the commercial retail banking market since it is primarily through this channel that resources are mobilized and allocated. However, it must be noted at the outset that although recent developments in theory have improved our understanding of financial intermediation, there is still no fully developed theoretical model of banking competition and that the quantitative results of this study must be interpreted with caution.
Author: Salman Agha Publisher: ISBN: Category : Languages : en Pages : 18
Book Description
The objective of this paper is to examine several aspects of the banking market in Turkey to assess the nature of its structure and the state of competition. What kind of market structure exists in banking after the reforms? Was the entry of new banks sufficient to transform the market structure into a competitive one or did the distortions resulting from earlier financial and regulatory policies built endogenous constraints into the system thwarting competition regardless of new entry? Now that regulatory entry barriers are gone, are there mobility barriers in the system? These are some of the questions this study attempts to provide answers by drawing on market structure studies found in industrial organization literature and applying them to the Turkish banking market. The focus is on the commercial retail banking market since it is primarily through this channel that resources are mobilized and allocated. However, it must be noted at the outset that although recent developments in theory have improved our understanding of financial intermediation, there is still no fully developed theoretical model of banking competition and that the quantitative results of this study must be interpreted with caution.
Author: Lalit Raina Publisher: World Bank Publications ISBN: 9780821355275 Category : Business & Economics Languages : en Pages : 164
Book Description
Currently, Turkey's financial services industry is in an early stage of development with credit markets dominated by banking and capital markets dominated by Government securities. Longstanding macro-economic instability and inflation have discouraged investment in financial assets and crowded out funding for the private sector. The resulting lack of depth and breadth has made the financial sector in Turkey vulnerable to shocks resulting in repeated crises, and has diminished its intermediation efficiency. This study analyzes the state of development and prospects for future growth of Turkish non-bank financial institutions and capital markets. It identifies the key policy issues that should be addressed in order to develop non-bank financial institutions in Turkey. Some of the themes included in the discussion and policy recommendations are: mobilizing savings; building an institutional investor base comprising insurance companies, private pension funds, and mutual funds; developing equity markets, debt markets, and derivative markets; developing leasing, factoring and venture capital companies; and strengthening confidence in financial markets through improved corporate governance.
Author: Y. Altunbas Publisher: Springer ISBN: 0230582060 Category : Business & Economics Languages : en Pages : 237
Book Description
In light of Turkey's EU bid and the successful IMF-led disinflation program, this book explores the evolution and performance of the Turkish banking sector. Analyzing the repercussions of overall economic structure, financial crises and political instability on its financial sector, it scrutinizes the prospects for the future of banking sectors.
Author: Mustafa Göktuğ Kaya Publisher: LAP Lambert Academic Publishing ISBN: 9783659244407 Category : Languages : en Pages : 60
Book Description
Monetary policy is called to the policy the government follows to control the monetary supply.Monetary policy in each country is carried out by the central bank of that country.Monetary policy in Turkey is carried out Turkish Republic Central Bank(TCMB).The government also follows whether or not the monetary policy is healthily run through their central banks.The general aim of this study is to introduce the decisions made and methods applied in the scope of monetary policy made the effect on banking sector.Since banking sector has a locomotive attribute in Turkey economy, the effects of monetary policies are also extremely important for running of economy and its future and are strictly followed. For running of economy effectively i.e. chaneling of savings to the investors, finacial agencies have vital importamce.In this frame, fianacial agenceies form an important link between finance system and real economy.Among financial sector, banking sector keeps the most imporatnt place in the process of continuing economic activities.
Author: Ms.Deniz Igan Publisher: International Monetary Fund ISBN: 1455209333 Category : Business & Economics Languages : en Pages : 34
Book Description
The period following the 2000-01 crisis was marked by a successful disinflation program sustained through inflation targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have sharper decline in lending during contractionary monetary policies and that crowding-out effect disappears more for banks with a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending channel is not strong in Turkey and government finances has limited direct impact on credit.
Author: Sumru Altug Publisher: Psychology Press ISBN: 9780415365925 Category : Business & Economics Languages : en Pages : 340
Book Description
Including contributions from noted international scholars, this collection of papers provides a strong theoretical and empirical underpinning for the discussion of major public policy issues facing Turkey today. Matters addressed include:- determinants of growth and productivity- education and human capital accumulation- income inequality- corporate control and government- performance of the government sector- impact of major public policy issues on the future growth prospects of the Turkish economy.This volume relates the impact of major public policy issues on the future growth prospects of the Turkish economy. At a time when Turkey is currently attempting to gain membership to the European Union, this pertinent reference questions whether the country's economy is in fact ready for EU accession and membership.
Author: Tamer Çetin Publisher: ISBN: 9781613249901 Category : Banks and banking Languages : en Pages : 0
Book Description
This book presents a detailed analysis of the Turkish banking and financial markets. The emphasis of the book is on the interrelations between competition and regulation. The author's hope is to draw attention to the close relationship between the regulatory environment and the nature of the competition in the banking and financial markets in Turkey. Also, this book looks into various aspects of the banking and financial markets and the authors discuss the relationships between regulatory environment and competition in the industry.
Author: Nida Abdioglu Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper investigates the impact of monetary policy committee decisions of the Central Bank of the Republic of Turkey on the stock returns of the deposit banks listed in Borsa Istanbul Banks Index (XBANK). The cumulative abnormal returns of the banks are calculated for 2008 and 2012. We report that the monetary policy announcements affect cumulative abnormal returns of the deposits banks both in 2008 and 2012. Since the announcement of the monetary policy decisions created abnormal returns, we conclude that the market does not have semi-strong form efficiency.
Author: Salman Agha
Author: Salman Agha
Author: Lalit Raina
Author: Y. Altunbas
Author: Mustafa Göktuğ Kaya
Author: Ms.Deniz Igan
Author: Cevdet Denizer
Author: IBP, Inc.
Author: Sumru Altug
Author: Tamer Çetin
Author: Nida Abdioglu