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Parliamentary Election Cycles and the Turkish Banking Sector

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Author Info
Christopher F. Baum () (Boston College, DIW Berlin)
Mustafa Caglayan (University of Sheffield)
Oleksandr Talavera () (University of East Anglia)

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Abstract

This paper analyzes the effects of parliamentary election cycles on the Turkish banking system. Using annual bank-level data representing all banks in Turkey during 1963-2005, we find that there are meaningful differences in the structure of assets, liabilities and financial performance across different stages of the parliamentary election cycle. However, we find that government-owned banks operate similarly to both domestic and foreign-owned private sector banks before, during and after elections. Our estimates also show that government-owned banks underperform their domestic and foreign-owned private sector counterparts.

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Publisher Info
Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 705.

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Date of creation: 12 Feb 2009
Date of revision: 06 Nov 2009
Handle: RePEc:boc:bocoec:705

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Related research
Keywords: elections; state banks; domestic banks; foreign-owned banks; loans; interest rate margin;

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Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

This paper has been announced in the following NEP Reports:

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  8. Roman Matousek & Selim Dasci & Bruno S. Sergi, 2008. "The efficiency of the Turkish banking system during 2000-2005," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 1(4), pages 341-355, January. [Downloadable!] (restricted)
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  11. Christopher F. Baum & Mustafa Caglayan & Dorothea Schäfer & Oleksandr Talavera, 2008. "Political patronage in Ukrainian banking," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(3), pages 537-557, 07. [Downloadable!] (restricted)
    Other versions:
  12. Barth, James R. & Caprio, Gerard & Levine, Ross, 2000. "Banking systems around the globe : do regulation and ownership affect the performance and stability?," Policy Research Working Paper Series 2325, The World Bank. [Downloadable!]
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