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The Labour Market Implications of Large-Scale Restructuring in the Banking Sector in Turkey

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  • Kibritçioğlu, Aykut

Abstract

This paper is concerned with the causes, timing and effects of banking sector restructuring and financial crisis in Turkey. The main focus of the study, however, is on labour market implications of the banking crisis and banking reform in recent years. The paper is organised as follows. Section 2 presents a brief summary of the macroeconomic background to the latest banking sector crisis in Turkey. In section 3, the efforts of recent Turkish Governments towards restructuring and rehabilitation of the banking sector are considered. Then, following a statistical review of the main features of the Turkish banking sector, section 4 focuses on the labour market problems that can be linked to the Government's restructuring and rehabilitation programme in banking. Section 5 draws some lessons from this restructuring programme. Finally, section 6 concludes with some remarks on future prospects in the banking sector.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2457.

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Date of creation: 10 May 2006
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Handle: RePEc:pra:mprapa:2457

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Keywords: restructuring; labour market; unemployment; banking sector; banking crisis; Turkey;

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  1. Subidey Togan, 2002. "Turkey: Toward EU Accession," Working Papers 0202, Economic Research Forum, revised Jan 2002.
  2. Alfred Steinherr & Ali Tukel & Murat Ucer, 2004. "The Turkish Banking Sector, Challenges and Outlook in Transition to EU Membership," Bruges European Economic Policy Briefings 9, European Economic Studies Department, College of Europe.
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