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Banking: A Political Economic Overview

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  • Ali Tarhan

    (Central Bank of the Republic of Turkey)

Abstract

Banking business keeps its importance in an economy since the ancient times. Banking initially was not a reputable business. However, from the beginning of middle of the nineteenth century banking turned into a respectful business. This historical period also indicates the establishment of big invest­ment banks in the united states (us). These investment banks made important contributions in development of the us by financing the big projects via securitizations in financial markets. The aim of this study is to examine the political powers of these big financial institutions.

Suggested Citation

  • Ali Tarhan, 2014. "Banking: A Political Economic Overview," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 29(101), pages 159-182, April.
    • Handle: RePEc:acc:malfin:v:29:y:2014:i:101:p:159-182
    DOI: https://doi.org/10.33203/mfy.519257
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    References listed on IDEAS

    as
    1. Joshua H. Gallin, 2013. "Shadow banking and the funding of the nonfinancial sector," Finance and Economics Discussion Series 2013-50, Board of Governors of the Federal Reserve System (U.S.).
    2. Y. Cassis, 1985. "Bankers in English Society in the Late Nineteenth Century," Economic History Review, Economic History Society, vol. 38(2), pages 210-229, May.
    3. Stefan Kesting, 2005. "Countervailing, conditioned, and contingent--the power theory of John Kenneth Galbraith," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(1), pages 3-23.
    4. Joshua Gallin, 2013. "Shadow Banking and the Funding of the Nonfinancial Sector," NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 89-123, National Bureau of Economic Research, Inc.
    5. Ali Tarhan, 2013. "Financial Crises and Center-Periphery Capital Flows," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 411-418.
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