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Turkish Banking Sector Current Status and the Future Challenges

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  • Burak Saltoğlu

Abstract

The strong recovery in the Turkish banking sector after the financial crisis that hit the country in 2001 sets a good example for countries experiencing similar difficulties. In this paper, we will first briefly discuss the financial and regulatory measures taken after the Turkish banking crisis. In addition, the current state of the Turkish banking sector will be discussed in a relatively detailed way. Particularly, some of the measures on bank capitalization and other reforms will be presented. Despite all these positive changes in the system, the Turkish financial sector has now reached a stage where further growth requires more structural macro reforms. We will conclude by summarizing the future risks and opportunities of the Turkish financial system. Copyright International Atlantic Economic Society 2013

Suggested Citation

  • 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.
    • Handle: RePEc:kap:atlecj:v:41:y:2013:i:1:p:75-86
    DOI: 10.1007/s11293-012-9357-8
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    References listed on IDEAS

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    1. Danielsson, Jon & Saltoglu, Burak, 2003. "Anatomy of a market crash: a market microstructure analysis of the Turkish overnight liquidity crisis," LSE Research Online Documents on Economics 24855, London School of Economics and Political Science, LSE Library.
    2. 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.
    3. C. Emre Alper, 2001. "The Turkish Liquidity Crisis of 2000: What Went Wrong..," Working Papers 2001/11, Bogazici University, Department of Economics.
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    Cited by:

    1. 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.

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    More about this item

    Keywords

    Financial regulation; Financial crisis; BASEL III; Systemically important financial institution; Turkey; IMF; E4; E5; F3; G1; G2;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F3 - International Economics - - International Finance
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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