International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1571
Status : Paper published
Language : Turkish
Topic : Law
Presenter: Prof. Dr. Mustafa Topaloğlu
Session : 3B Hukuk
Recent Development Related to Mortgage Backed Securities in Turkey
Türkiye'de İpoteğe Dayalı Menkul Kıymetlerle İlgili Son Gelişmeler
- Prof. Dr. Mustafa Topaloğlu (Özyeğin University, Türkiye)
Abstract
While mortgage backed securities are extremely important for prospering economies especially, these securities are kinds of securities capital market instruments that show increase significantly for last 30 years. These make it convenient for development of the capital market and consumers to obtain housing cost-efficiently, in that these securities provide effective fund flow from different and new financing trough. All over the world mortgage based securities are issued by two securitization ways that: the first one is off-balance sheet securitization, mortgage backed securities which are common on countries, are dominated by Anglo-Saxon financing system and another one is in the balance sheet securitization, mortgage bond system is common in Continental Europe. In the context of the Turkey practice of mortgage backed securities is enforced by Mortgage Code numbered 5582, dated 2007. And then this matter is reconverted by Capital Market Code numbered 6362 and its relevant secondary regulation.
JEL codes: K22
Topaloğlu, Mustafa (2016). "Recent Development Related to Mortgage Backed Securities in Turkey" in Proceedings of International Conference of Eurasian Economies 2016, pp.248-255, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01571
