Impact Of The International Financial Crisis On The Garantibank In Turkey And Romania
A crisis can be defined as “a high degree of instability and carries the potential for negative results that can endanger the continuity of the organization” (Klann, Gene, 2003, p. 4) or other way round, a crisis represents a status of threat, urgency, and uncertainty (Boin et al., 2009). The purpose of this study is to gain better understanding of bank’s situation in the time of an international financial crisis in different countries. The objective of the study is to find out how Garantibank faces the international financial crisis in Turkey and at the same time in Romania. The story of Garantibank's crisis in Turkey and Romania is presented. An empirical data for two cases of Garantibank: Garantibank in Turkey and Garantibank in Romania, which have been collected through interviews, statistics, organizational documents, are presented.
References listed on IDEAS
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- Dooley, Michael & Hutchison, Michael, 2009.
"Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis,"
Journal of International Money and Finance,
Elsevier, vol. 28(8), pages 1331-1349, December.
- Michael P. Dooley & Michael M. Hutchison, 2009. "Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis," NBER Working Papers 15120, National Bureau of Economic Research, Inc.
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- Naude, Wim, 2009. "The Financial Crisis of 2008 and the Developing Countries," WIDER Working Paper Series WIDER Discussion Paper 20, World Institute for Development Economic Research (UNU-WIDER). Full references (including those not matched with items on IDEAS)
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