Turkey’s Capital Market & Banks: Recipe for Survival in Recessionary Times
AbstractThe global crisis of 2008-09 resulted in major reverberations in virtually every financial market around the world. The Turkish financial sector has been among the very few global financial markets which passed global financial crisis turmoil without major damage and succeeded to recover quickly after the crisis. This paper aims to explore the underlying reasons for this success of the Turkish financial sector, which is predominantly composed of the banking sector. The improved macroeconomic conditions in the country, the increased fiscal discipline of the government, the soundness and the strong growth potential of the banking sector were among the most important causes of this development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50503.
Date of creation: Sep 2013
Date of revision:
Global financial crisis; Turkish financial sector; foreign entry;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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