Download or read book The effects of financial liberalization and new bank entry on market structure and competition in turkey written by Cevdet Denizer and published by World Bank Publications. This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Financial Liberalization and New Bank Entry on Market Structure and Competition in Turkey written by Cevdet Denizer and published by . This book was released on 2016 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Financial Liberalization and New Bank Entry on Market Structure and Competition in Turkey written by Denizer and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Policy of Banks in Turkey written by Salman Agha and published by . This book was released on 2013 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Political Economy of Financial Transformation in Turkey written by Galip Yalman and published by Routledge. This book was released on 2018-10-03 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a comprehensive study of Turkey’s financial transformation into one of the most dynamic, if not trouble-free, emerging capitalisms. While this financial evolution has underwritten Turkey’s dramatic economic growth, it has done so without ameliorating the persistently exploitative and unequal social structures that characterize neoliberalism today. This edited volume, written by an interdisciplinary range of political economists, critically examines Turkey’s financial transformation, contributing to debates on the nature of peripheral financialization. Eschewing economistic interpretations, The Political Economy of Financial Transformation in Turkey underscores both the quantitative significance of exponential growth in financial flows and investments, and the qualitative importance of the state’s institutional restructuring around financial imperatives. The book presents today’s reality as historically rooted. By understanding the choices made under the new Republic (from 1923 onwards), one can better locate the changes launched as a newly liberalizing society (since 1980). Likewise, the decisions made in response to Turkey’s 2001 financial crisis spurred a tectonic break in state–market–society financial relations. The waves of change have reached far and wide: from corporate strategies of accumulation and growth to small- and medium-sized enterprises’ strategies of financial survival; from how finance has penetrated the provisioning of housing to how households have become financialized. Put together, one grasps the complexity and historicity of the power of contemporary finance. One also sees that the changes made have not been class-neutral, but have entailed elevating the interests of major capital groups, particularly financial capital, above the interests of the poor and workers in Turkey. Nor are these changes constrained to its national borders, as what transpires domestically contributes to the making of a financialized world market. Through this ‘Made in Turkey’ approach the contributions in this volume thus challenge dominant understandings of financialization, which are derived from the advanced capitalisms, by sharing the specificity of emerging capitalisms such as Turkey.
Download or read book The Turkish Economy in Crisis written by Ziya Onis and published by Routledge. This book was released on 2004-08-02 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a set of critical perspectives on the economic crises of 2000 and 2001 focusing on both the origins and consequences of the crises. Attention is drawn to the role of domestic actors as well as key external actors such as the International Monetary Fund in precipitating the twin crises.
Download or read book Development Macroeconomics written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2015-06-23 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises
Download or read book Turkey A Business and Investment Review written by Marat Terterov and published by GMB Publishing Ltd. This book was released on 2006 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative report looks at the market reforms and the changes to law and commercial practice being instituted in Turkey as it prepares for EU accession talks. It assesses the current investment climate and the risks and opportunities for foreign investors in Turkey and provides an invaluable up-to-date guide to commercial law, accounting, taxation, banking and investment and finance regulations. It includes a major contribution from Istanbul law firm Rosenblatt & Co and contributions from Simmons & Simmons and many leading Turkish professionals.
Download or read book Financial Liberalization and the Real Economy written by Murat  Yülek and published by . This book was released on 1998-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advances in International Accounting written by J. Timothy Sale and published by Elsevier. This book was released on 2006-06-28 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in International Accounting is a refereed, academic research annual, that is devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide. Advances in International Accounting welcomes traditional and alternative approaches, including theoretical research, empirical research, applied research, and cross-cultural studies. *Adopts an international perspective while addressing unique accounting issues *Peer-reviewed and credible contributions make this a valuable resource for scholars, researchers, and students
Download or read book Public Policies Towards Financial Liberalization written by Güven Sak and published by . This book was released on 1995 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: TABLE OF CONTENTS ABSTRACT IV ÖZ V ACKNOWLEDGEMENTS VI LIST OF TABLES VII CHAPTERI: INTRODUCTION 1 PART I FROM FINANCIAL REPRESSION TO FINANCIAL LIBERALIZATION: THEORETICAL AND RESEARCH ISSUES CHAPTER II: ECONOMIC DEVELOPMENT AND THE FINANCIAL HISTORICAL BACKGROUND OF THE POLICY DEBATE 7 2.1 Introduction 7 2.2 Growth-Oriented Analysis: The Role of Finance in Economic Development 9 2.3 Financial Repression Analysis and thc Neoclassical Paradigm: The Policy Framcwork in Financial Markets 11 2.4 On the Impossibiiity of Perfect Financial Markets 15 2.5 New Agcnda of Research 20 2.6 Roles for Government in the Financial Liberalization Process 22 2.7 Policy Framcwork in Developing Market Economies 24 2.8 Concluding Comments 25 CHAPTER III: MARKET ORIENTED POLİCY TRENDS: FINANCIAL LIBERALIZATION İN A CHANGING WORLD 29 3.1 Introduction 29 3.2 Impact of Technology on Changes in Financial Markets 29 3.3 Impact of Past Experiencc and Rcgulatory Pressures for Financial Change 30 3.4 Increasing Uncertainty of the Economic Environment and Financial Change Process 31 3.5 Increased Compctition and Financial Change 32 3.6 Financial Change in Developing Market Economies 33 3.7Concluding Comments 34 CHAPTER IV: AN ATTEMPT TOWARDS A METHODOLOGY OF FINANCIAL LIBERALIZATION 37 4.1 Introduction 37 4.2 The Roies of Financial Markets 38 4.3 Phases of Financial Liberalization Processes 39 4.4 Public Policy Objectives in the Financial Liberalization Process: Measures Involved in Different Phases 43 4.5 Dynamics of Bchavioural Change: Theoretical Background of Myopia on Ihe Parl of Economic Agents 45 4.6 Concluding Comments 47 PART II TURKEY'S FINANCIAL LIBERALIZATION IN THE 1980'S CHAPTER V: SALIENT FEATURES OF THE 1980-1992 POLICY EXPERIENCE İN TURKEY 53 5.1 Introduction 53 5.2 Salient Features of the Liberalization Process 54 5.3 Stabilization Over-determines Liberalization 57 5.4 Concluding Comments 60 CHAPTER VI: POST-1980 PUBLIC POLİCY MEASURES TOWARDS FINANCIAL LIBERALIZATION 63 6.1 Introducüon 63 6.2 The Financial Crisis of 1982 and Its Significance 63 6.3 The Financial Sector Reform in Perspective 65 6.4 Measures to Limit Government Intervention to Bilateral Transactions 66 6.5 The Second Phase of the Reform Process 69 6.6 Concluding Comments 77 PART III THE PERFORMANCE OF FINANCIAL LIBERALIZATION POLICIES IN TURKEY CHAPTER VII: FINANCIAL SYSTEM IN THE POST-REFORM PERIOD: POLICY OBJECTIVES AND PERFORMANCE EVALUATION 81 7.1 Introduction 81 7.2 General Overview of the Results of Financial Liberalization Process in Turkey 82 7.3 The Charactcristics of the Period Under Analysis 85 7.4 Increase in the Size of the Financial Sector 86 7.5 Increase in the Volume of Domestic Savings and Investments 88 7.6 Positive High Real Rates of Interest 91 7.7 Short-term Capital Inflows and Exchange Rate Appreciation 95 7.8 Concluding Comments 98 CHAPTER VIII: THE IMPACT OF PUBLIC POLICY MEASURES ON FINANCIAL DECISION MAKING 101 8.1 Introduction 101 8.2 Characteristics of Change in Turkish Financial Markets: An Evaluation of Performance Results 102 8.3 Developmcnts in Individual Markets and Financial Change 112 8.4 Conciuding Comments 138 CHAPTER IX: CONCLUSIONS 141 REFERENCES 145.
Download or read book Foreign Entry in Turkey s Banking Sector 1980 97 written by Cevdet Denizer and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: One remarkable consequence of Turkey's financial liberalization has been the large number of foreign banks entering the banking sector. Their effect? They appear to have increased competition and to have reduced the overhead expenses of domestic commercial banks, strengthening profits.
Download or read book Transportation Infrastructure Investments and Regional Trade Liberalization written by Eric Bond and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: November 1997 This model predicts that without cooperative infrastructure agreements between countries, there will be underinvestment in those forms of infrastructure in which the investments will have spillover effects to other countries. For a relatively small country, for example, there would tend to be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure (carrying goods to the whole world). Bond examines whether trade liberalization should create a greater incentive for countries to invest in transportation infrastructure. He pays special attention to the case of preferential trade liberalization between neighboring countries, where investments in roads or railroads are specific to the partner country and will thus have spillover effects. The existence of spillovers will lead to gains from cooperative agreements about investment levels. Bond shows that in a small country the incentive to invest in infrastructure depends on the level of the tariff when demand is linear. If protection is in the form of a quota, on the other hand, trade liberalization will increase the optimal infrastructure investment. He shows that in a two-country model with spillovers between countries, the cooperative equilibrium may involve either more or less investment than the noncooperative equilibrium, depending on the pattern of trade between the two countries and the degree of substitutability between investments in the two countries. For a relatively small country, for example, there would be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure. The first type of investment is specific to certain markets and is likely to affect the relative price of goods in those markets. The second type of investment, on the other hand, will send goods to world markets generally, where prices are likely to be relatively unaffected by the investments. Bond also examines the desirability of linking regional trade and infrastructure agreements. The prediction generated by his model is that in the absence of cooperative agreements between countries, there will be underinvestment in those forms of transportation in which the investments will have spillover effects to other countries. Bond identifies two forms of gains from infrastructure agreements: * Internalizing the terms-of-trade effects and thus avoiding the inefficient investment levels that arise in noncooperative choices of investment levels. * Internalizing the effects of the infrastructure investment in the tariff negotiation process, in cases where countries cannot commit to future tariff rates. This paper-a product of the Development Research Group-is part of a larger effort in the group to understand regionalism and development.
Download or read book Turkey s Modernization written by Arnold Reisman and published by New Acdemia+ORM. This book was released on 2006-09-01 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historical study examines the lives of European Jews who found safe haven in Turkey and helped the nation transform in the years before WWII. Out of the ashes of the Ottoman Empire, Mustafa Kemal Ataturk formed the modern Republic of Turkey. As the nation’s founding father and first president, he initiated numerous progressive reforms. In 1933, he welcomed German and Austrian Jews who fled the rise of antisemitic violence in their homelands. In Turkey’ Modernization, historian Arnold Reisman chronicles the lives of some of these refugees as they pursued new lives in a new nation. Using archival documents, letters, memoirs, oral histories, photos, and other surviving evidence, Arnold Reisman sheds light on courage and determination of these individuals, as well as their important contributions in several fields of knowledge. With a clear-eyed analysis of Turkey’s achievements and shortcomings, Reisman also speculates about its inability to fully capitalize on these emigres’ legacy. “This book adds to our knowledge of an important aspect of the Holocaust, and of the behavior of Nation States in the modern world of woe and grief.” —Sir Martin Gilbert, Winston Churchill’s official biographer
Download or read book Employment Labor Markets and Poverty in Ghana written by Sudharshan Canagarajah and published by World Bank Publications. This book was released on 1997 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Leading Indicators of Currency Crises written by Müge Ant and published by World Bank Publications. This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Intra industry Trade Between East and West Europe written by Chonira Aturupane and published by World Bank Publications. This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
