International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 188
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Dr. Naci Yılmaz
Session : 3A Küresel Kriz ve Finans
Finance Sector In the Eurasia Economies During and After 2008 Global Crisis
2008 Küresel Krizi ve Sonrası Avrasya Ekonomilerinde Finans Sektörü
- Dr. Naci Yılmaz (İş Bankası, Türkiye)
- Dr. Bora Selçuk (Kadir Has University, Türkiye)
Abstract
As in the other countries around the world, banking systems in Eurasia economies, comprised of Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, were adversely affected by the 2008 global crisis; A common challenge across most economies is to revive private-sector credit growth. Compared with the high increases of 80 percent in the period immediately prior to the crisis, credit growth has slowed sharply and even turned negative in real terms in a number of economies. Governments in many countries have taken measures to address banking sector stress. The measures for restoring credit growth and thus a high economic growth will be discussed in a part of our work. In the short run, such measures include aiding banks to repair balance sheets and also providing liquidity. In the medium term, measures should promote de-dollarization and the development of local debt markets.
JEL codes: G01, G15
Yılmaz, Naci, Selçuk, Bora (2010). "Finance Sector In the Eurasia Economies During and After 2008 Global Crisis" in Proceedings of International Conference of Eurasian Economies 2010, pp.167-172, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00188
Session 3A: Küresel Kriz ve Finans
