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Item Details
Title: TURKISH BANKING
BANKING UNDER POLITICAL INSTABILITY AND CHRONIC HIGH INFLATION
By: Yener Altunbas, Alper Kara, Ozlem Olgu
Format: Electronic book text

List price: £76.38


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ISBN 10: 0230582060
ISBN 13: 9780230582064
Publisher: PALGRAVE MACMILLAN
Pub. date: 28 November, 2008
Series: Palgrave Macmillan Studies in Banking and Financial Institutions
Description: In light of Turkey's EU bid and the successful IMF-led disinflation program, this book explores the evolution and performance of the Turkish banking sector. Analysing the repercussions of overall economic structure, financial crises and political instability on its financial sector, it scrutinizes the prospects for the future of banking sectors.
Synopsis: Despite the fact that Turkey is the 17th largest economy in the world why is its banking system still relatively small? Why did Turkey face four crises over the last two decades with the latest resulting with the failure of 13 banks and 50,000 banking jobs? What prompted the recent historical amount of foreign investment in the Turkish banking industry? This book, intended for both academics and practitioners, provides insight to these questions by examining the past, present and future of Turkish banking. At the outset it portrays the phases of banking sector development in Turkey with a major emphasis given on of financial crises and their repercussion on the banking industry. Then the financial structure and performance of banking sector together with its impact on economic growth is scrutinized. Lastly, it looks at the future prospects of Turkish banking within the context of EU integration, foreign investments, and growth potential of the newly introduced mortgage market.
Illustrations: 123, 57 black & white tables, 66 figures
Publication: UK
Imprint: Palgrave Macmillan
Returns: Non-returnable
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