Turkey’s Capital Market & Banks: Recipe for Survival in Recessionary Times
The global crisis of 2008-09 resulted in major reverberations in virtually every financial market around the world. The Turkish financial sector has been among the very few global financial markets which passed global financial crisis turmoil without major damage and succeeded to recover quickly after the crisis. This paper aims to explore the underlying reasons for this success of the Turkish financial sector, which is predominantly composed of the banking sector. The improved macroeconomic conditions in the country, the increased fiscal discipline of the government, the soundness and the strong growth potential of the banking sector were among the most important causes of this development.
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- Ahmet Faruk Aysan & Ali Gunes & Osman Furkan Abbasoglu, 2007.
"Concentration, Competition, Efficiency and Profitability of the Turkish Banking Sector in the Post-Crises Period,"
2007/20, Bogazici University, Department of Economics.
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- Ahmet Faruk Aysan & S. P. Ceyhan, 2006.
"Why Do Foreign Banks Invest in Turkey?,"
2006/22, Bogazici University, Department of Economics.
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- 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.
- 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.
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