The experience with macro-prudential policies of the central bank of the republic of Turkey in response to the global financial crisis
AbstractThis brief country case study on Turkey aims to summarize the fundamental developments in the banking sector, which represents almost 90 percent of the financial sector in the country. The brief has two parts. The first covers the 2001 financial crisis and the developments until end of 2007, the year before the global financial crisis of 2008 started. The second part focuses on the macro-prudential policies applied by the Central Bank of the Republic of Turkey in response to the global financial crisis in three phases: (i) full liquidity support after Lehman Brothers'collapse (September 2008), (ii) the exit strategy (April 2010), and (iii) the new policy mix (final quarter of 2010).
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5834.
Date of creation: 01 Oct 2011
Date of revision:
Debt Markets; Banks&Banking Reform; Currencies and Exchange Rates; Emerging Markets; Bankruptcy and Resolution of Financial Distress;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-15 (All new papers)
- NEP-ARA-2011-10-15 (MENA - Middle East & North Africa)
- NEP-MON-2011-10-15 (Monetary Economics)
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- Jerome Vandenbussche & Ursula Vogel & Enrica Detragiache, 2012. "Macroprudential Policies and Housing Pricesâ€”A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe," IMF Working Papers 12/303, International Monetary Fund.
- Richard J. Hunter Jr. & Mehmet Kilic, 2013. "The Effects of the European Debt Crisis on the Economic Future of Turkey. A Country Study," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 195-209, January.
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