Effect of the Global Economic Crisis on Turkish Banking Sector

Aras, Osman Nuri (2010): Effect of the Global Economic Crisis on Turkish Banking Sector. Published in: International Journal of Economics and Finance Studies , Vol. 1, No. 2 (2010): pp. 113-120.

Abstract

The global economic crisis began in 2008 has had major negative effects the economies of all countries in the world. Turkey is also one of the very seriously affected countries by the crisis. However, effects of the global crisis on Turkish Banking Sector remained relatively limited compared to its peers in developed and other developing countries. Turkish Banking Sector has been less affected by the global crisis because of after November-2000 and February-2001 crises, gaining the banking sector stronger capital structure and stronger equity capital structure as a result of taken structural measures and improvements; effective supervision and regulation of the Banking Regulation and Supervision Agency; the absence of a functioning mortgage sector such as America; several structural and fundamental features of the sector itself; the macroeconomic policies of the Central Bank of Turkey; and some additional measures taken by banks in the process of the global economic crisis.

• Item Type: MPRA Paper
• Language: English
• Keywords: Global Crisis, Turkish Economy, Turkish Banking Sector.
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; G - Financial Economics > G0 - General; G - Financial Economics > G0 - General > G01 - Financial Crises; G - Financial Economics > G0 - General > G02 - Behavioral Finance: Underlying Principles

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