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Transformation of the Turkish Financial Sector in the Aftermath of the 2001 Crisis

Author

Listed:
  • Akin, Guzin Gulsun
  • Aysan, Ahmet Faruk
  • Yildiran, Levent

Abstract

This paper attempts to delineate the evolution of the Turkish banking sector in the post-crisis era after 2001. The paper summarizes the events in the Turkish banking sector until the 2001 crisis. After that, a section focuses on the major regulatory changes. A detailed account of the consolidation and transformation of Turkish banks following the crisis is presented with reference to various structural indicators of the sector. Efficiency and foreign bank entry are examined in for the post-crisis period as well.

Suggested Citation

  • Akin, Guzin Gulsun & Aysan, Ahmet Faruk & Yildiran, Levent, 2008. "Transformation of the Turkish Financial Sector in the Aftermath of the 2001 Crisis," MPRA Paper 17803, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17803
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    File URL: https://mpra.ub.uni-muenchen.de/17803/2/MPRA_paper_17803.pdf
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    References listed on IDEAS

    as
    1. Ahmet Faruk Aysan & Ali Gunes & Osman Furkan Abbasoglu, 2007. "Concentration, Competition, Efficiency and Profitability of the Turkish Banking Sector in the Post-Crises Period," Working Papers 2007/20, Bogazici University, Department of Economics.
    2. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2006. "Globalization of Turkey’s Banking Sector: the Determinants of Foreign Bank Penetration in Turkey," MPRA Paper 5489, University Library of Munich, Germany.
    3. H. Al & Ahmet Faruk Aysan, 2006. "Assessing the Preconditions in Establishing an Independent Regulatory and Supervisory Agency in Globalized Financial Markets: The Case of Turkey," Working Papers 2006/06, Bogazici University, Department of Economics.
    4. Aysan, Ahmet Faruk & Ceyhan, Şanli Pinar, 2008. "What determines the banking sector performance in globalized financial markets? The case of Turkey," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(7), pages 1593-1602.
    5. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2006. "Why Do Foreign Banks Invest In Turkey?," MPRA Paper 5491, University Library of Munich, Germany.
    6. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2008. "Structural Change and the Efficiency of Banking In Turkey: Does Ownership Matter?," MPRA Paper 17849, University Library of Munich, Germany.
    7. Ahmet Faruk Aysan & Mustafa Mete Karakaya & Metin Uyanik, 2011. "Panel stochastic frontier analysis of profitability and efficiency of turkish banking sector in the post crisis era," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 12(4), pages 629-654, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Adnan Kasman & Saadet Kasman, 2016. "Bank size, competition and risk in the Turkish banking industry," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(3), pages 607-631, August.
    2. Aysan, Ahmet Faruk & Ermişoğlu, Ergun, 2013. "Turkey’s Capital Market & Banks: Recipe for Survival in Recessionary Times," MPRA Paper 50503, University Library of Munich, Germany.
    3. Simone Auer & Emidio Cocozza & Andrea COlabella, 2016. "The financial systems in Russia and Turkey: recent developments and challenges," Questioni di Economia e Finanza (Occasional Papers) 358, Bank of Italy, Economic Research and International Relations Area.
    4. Aysan, Ahmet Faruk & Ertek, Gurdal & Ozturk, Secil, 2009. "Assessing the adverse effects of interbank funds on bank efficiency through using semiparametric and nonparametric methods," MPRA Paper 38113, University Library of Munich, Germany.
    5. Mustafa Kilinç & Zübeyir Kilinç & M. Ibrahim Turhan, 2012. "Resilience of the Turkish Economy During the Global Financial Crisis of 2008," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 48(S5), pages 19-34, November.
    6. Meryem Duygun Fethi & Mohamed Shaban & Thomas Weyman-Jones, 2012. "Turkish Banking Recapitalization and the Financial Crisis: An Efficiency and Productivity Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S5), pages 76-90, November.
    7. E. Nur Ozkan Gunay, 2012. "Risk Incorporation and Efficiency in Emerging Market Banks During the Global Crisis: Evidence from Turkey, 2002-2009," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S5), pages 91-102, November.
    8. Ismail H. Genc & Mehmet Balcilar, 2012. "Effectiveness of Inflation Targeting in Turkey," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S5), pages 35-47, November.
    9. Aysan, Ahmet Faruk & Güler, Mustafa Haluk & Orman, Cüneyt, 2013. "The Road to Sustainable Growth in Emerging Markets: The Role of Structural and Monetary Policies in Turkey," MPRA Paper 44730, University Library of Munich, Germany.
    10. Hakan Güneş & Dilem Yıldırım, 2016. "Estimating Cost Efficiency of Turkish Commercial Banks under Unobserved Heterogeneity with Stochastic Frontier Models," ERC Working Papers 1603, ERC - Economic Research Center, Middle East Technical University, revised Mar 2016.
    11. Aysan, Ahmet Faruk & Ermişoğlu, Ergun, 2013. "Eurozone Debt Crisis and its Effects on Turkish Economy," MPRA Paper 50501, University Library of Munich, Germany.
    12. Öztürk, Mustafa & Aras, Osman Nuri, 2011. "Foreign Capital Investment and Economic Crises in Turkey," MPRA Paper 81855, University Library of Munich, Germany.
    13. Ahmet AYSAN & Cagri HUSNU DALGIC & Murat DEMIRCI, "undated". "Macroeconomic, Sector Specific and Bank Specific Determinants of Net Interest Rate Margin: What Matters More For An Emerging Market Economy?," EcoMod2010 259600015, EcoMod.
    14. Burak Saltoğlu, 2013. "Turkish Banking Sector Current Status and the Future Challenges," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(1), pages 75-86, March.
    15. Meryem Duygun Fethi & Mohamed Shaban & Thomas Weyman-Jones, 2012. "Turkish Banking Recapitalization and the Financial Crisis: An Efficiency and Productivity Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S5), pages 76-90, November.
    16. E. Nur Ozkan Gunay, 2012. "Risk Incorporation and Efficiency in Emerging Market Banks During the Global Crisis: Evidence from Turkey, 2002-2009," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S5), pages 91-102, November.
    17. Ismail H. Genc & Mehmet Balcilar, 2012. "Effectiveness of Inflation Targeting in Turkey," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 48(S5), pages 35-47, November.

    More about this item

    Keywords

    Turkish banking sector; post-crisis era after 2001; Efficiency; Foreign bank entry;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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