PREVIOUS DEVELOPMENTS AND THE CURRENT SITUATION IN THE TURKISH BANKING SECTOR, FOREIGN ENTRY AND ITS REFLECTIONS ON THE NATIONAL BANKING INDUSTRY

Aytac GOKMEN; A. Bugra HAMSIOGLU

Article Details

PREVIOUS DEVELOPMENTS AND THE CURRENT SITUATION IN THE TURKISH BANKING SECTOR, FOREIGN ENTRY AND ITS REFLECTIONS ON THE NATIONAL BANKING INDUSTRY

Authors:

Aytac GOKMEN | A. Bugra HAMSIOGLU

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2009 Vol.1 Issue 1, pp.47-58

Document Type:

Article

Publication Date:

5/2009

Document Language:

Turkish

Document ID (Org No.):

2000811356

Frequency:

Bi-Annual

eISSN:

1309-8055

Abstract:

 

The banking industry possesses a unique property that is unlike to other sectors with respect to  supplying liquidity and financial strength for the economy and transaction operations However,  despite their significance, banking industries in the world are subject to various crises and foreign  interventions that could affect the financial industry negatively. This study describes the  background of the Turkish Banking Sector, explains the reasons for the three major crises it was  subjected to in 1994, 2001 and 2002 that resulted from numerous factors such as insufficient  implementation of regulations, inadequate depth of the capital markets, lack of assessment of risk,  inadequate managerial applications and excessive lending to incorporated institutions. The study  also dwells on the restructuring process that has been continuing for more than two decades,  reasons of foreign entry to the Turkish Banking Industry, as well as explains the reflections of  foreign entry on the national banking industry depending on various comprehensive and credible  national and international publications.

Article Details

PREVIOUS DEVELOPMENTS AND THE CURRENT SITUATION IN THE TURKISH BANKING SECTOR, FOREIGN ENTRY AND ITS REFLECTIONS ON THE NATIONAL BANKING INDUSTRY

Authors: Aytac GOKMEN | A. Bugra HAMSIOGLU

Publisher: Sosyal Bilimler Araştırmaları Derneği

Journal: International Journal of Economics and Finance Studies 2009 Vol.1 Issue 1, pp.47-58

Document Type: Article

Publication Date: 5/2009

Document Language: Turkish

Document ID (Org No.): 2000811356

Frequency: Bi-Annual

eISSN: 1309-8055

Issues

Authors:

Aytac GOKMEN | A. Bugra HAMSIOGLU

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2009 Vol.1 Issue 1, pp.47-58

Document Type:

Article

Publication Date:

5/2009

Document Language:

Turkish

Document ID (Org No.):

2000811356

Frequency:

Bi-Annual

eISSN:

1309-8055