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Impact Of The International Financial Crisis On The Garantibank In Turkey And Romania


  • Filiz AGAOGLU

    (International Business and Economic, The Bucharest University of Economic Studies)


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.

Suggested Citation

  • Filiz AGAOGLU, 2013. "Impact Of The International Financial Crisis On The Garantibank In Turkey And Romania," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 2, pages 13-27, October.
  • Handle: RePEc:cmj:networ:y:2013:i:2:p:13-27

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    References listed on IDEAS

    1. 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.
    2. repec:dgr:rugsom:09002 is not listed on IDEAS
    3. 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).
    4. Shimon Udovik, 2011. "Fear and Anxiety: effective managerial tools or harmful and jeopardizing factors?," Far East Journal of Psychology and Business, Far East Research Centre, vol. 5(1), pages 1-12, November.
    5. Bezemer, D.J., 2009. "No one saw this coming. Understanding financial crisis through accounting models," Research Report 09002, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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    More about this item


    International Financial Crisis in Turkey and in Romania; Garantibank;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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