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Banking Sector Performance in Turkey before and after the Global Crisis

Author

Listed:
  • Vuslat US

    (T.C.Merkez Bankası)

Abstract

This paper tests the effects of the global crisis on the performance of Turkish banks by random effects model using bank-level data during 2002Q4-2013Q3. The dependent variables are financial ratios on capital adequacy, asset quality, liquidity, profitability, balance sheet and income-expenditure structure; while main determinants are FX open position, overhead costs, bank size, ownership, bank listing and bank age. Other determinants include growth, inflation, exchange rate, policy rate and required reserves, which capture the effects of macroeconomic conditions and monetary policy on bank performance. Estimation results suggest that the Turkish banking sector performance has changed after the crisis. This can be attributed to the increased effectiveness of the monetary policy in the post-crisis period. Hence, the new monetary policy framework, which addresses financial stability concerns, is observed to affect the banking sector in Turkey. Furthermore, macroeconomic conditions and bank-specific variables also influence the changing performance of the Turkish banks after the crisis.

Suggested Citation

  • Vuslat US, 2015. "Banking Sector Performance in Turkey before and after the Global Crisis," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 30(353), pages 45-74.
    • Handle: RePEc:iif:iifjrn:v:30:y:2015:i:353:p:45-74
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    Citations

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    Cited by:

    1. Vuslat Us, 2016. "Determinants of Non-Performing Loans in the Turkish Banking Sector : What Has Changed After the Global Crisis?," CBT Research Notes in Economics 1627, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    2. Vuslat Us, 2017. "A dynamic approach to analysing the effect of the global crisis on nonperforming loans: evidence from the Turkish banking sector," Applied Economics Letters, Taylor & Francis Journals, vol. 24(3), pages 186-192, February.
    3. Özcan IŞIK & Murat BELKE, 2017. "An Empirical Analysis of the Determinants of Net Interest Margins of Turkish Listed Banks: Panel Data Evidence from Post-Crisis Era," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).
    4. Us, Vuslat, 2017. "Dynamics of non-performing loans in the Turkish banking sector by an ownership breakdown: The impact of the global crisis," Finance Research Letters, Elsevier, vol. 20(C), pages 109-117.

    More about this item

    Keywords

    Global Crisis; Random Effects Model; Turkish Banking Sector; New Monetary Policy Framework; Financial Stability;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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