International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 1086
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Ph.D. candidate İsmail Ciğerci
Session : 3C Finansal Kriz II
Financial Regulation in Achieving Financial Stability: Selected EU Countries and Turkey Comparison
Finansal İstikrarın Sağlanmasında Finansal Regülasyon: Seçilmiş AB Ülkeleri ve Türkiye Uygulaması
- Ph.D. candidate İsmail Ciğerci (Afyon Kocatepe University, Türkiye)
- Dr. Cem Gökce (Afyon Kocatepe University, Türkiye)
Abstract
Financial stability means the stability in payment systems and also means resistance against shocks in financial markets and in foundations being active in such markets. Stability in financial markets usually brings along the financial system’s stable action, accordingly the allocation of sources in economy in a productive way and the management and distribution of risks in a suitable way. It is, however, a certain fact that financial instability causes important problems in economy. Such instabilities cause financial crisis and so, high costs of the financial crisis emphasizes the importance of financial stability. One of the most common methods used to prevent financial instability is the ‘’financial regulation’’. Financial regulations are the rules and limitations laid down by the public to the financial spies’ economic decisions and actions in order to increase its own social purpose function. Financial regulatory services are composed of three parts: to observe the actions of financial foundations, to discipline them, and to coordinating them. Since financial markets are of more importance in economy comparing to other markets, financial regulation is different from the other regulations as well. The purpose of the financial regulation implemented for the financial markets is to equalize the distribution of the data owned by individuals who are transacting in the financial system. In this research, the importance of financial regulations in achieving financial stability is being emphasized and selected-EU countries and Turkey will be compared.
JEL codes: G00, G01, G18
Ciğerci, İsmail, Gökce, Cem (2014). "Financial Regulation in Achieving Financial Stability: Selected EU Countries and Turkey Comparison" in Proceedings of International Conference of Eurasian Economies 2014, pp.533-540, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.01086
