Advanced Search
MyIDEAS: Login

Incentives for Savings in the Turkish Banking Sector: Lottery 1930-1975

Contents:

Author Info

  • Nevin Coşar

    ()
    (Department of Economics, Yildiz Technical University)

Abstract

In the short history of banking sector in Turkey, lottery (premium to the accounts by drawings) had a crucial role in attracting savings to the bank accounts between 1930 and 1975. Lottery practice has not only increased household savings but also stimulated and changed traditional saving habits of the Turkish people. After the Second World War, saving account interest rate was below the inflation rate. Consequently banks chose to offer special advantages for enticing account holders. A lottery system was effectively and extensively used for attracting new customers to the banks. Banks offered real estates, apartments, houses, gold, household items and other merchandises through lottery. In 1950s, lottery went out of control and caused some serious credibility problems in the banking sector. After 1958, it was closely controlled by the Central Bank and cancelled in 1975.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.ikt.yildiz.edu.tr/RePEc/yil/makaleler/cosar0007.pdf
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Seckin Sunal)
Download Restriction: no

Bibliographic Info

Paper provided by Yildiz Technical University, Department of Economics in its series Working Papers with number 0007.

as in new window
Length: 16 pages
Date of creation: Apr 2009
Date of revision: Apr 2009
Handle: RePEc:yil:wpaper:0007

Contact details of provider:
Phone: +90.212.2597070
Fax: +90.212.2594202
Web page: http://www.ikt.yildiz.edu.tr
More information through EDIRC

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:yil:wpaper:0007. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Seckin Sunal).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.