International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 969
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Emine Fırat
Session : 2C Finansal Kriz I
Recent Developments in the Banking Sector following the Global Crisis: The Effects of Regulations in the Banking Sector in Turkey
Küresel Krizin Ardından Bankacılık Sektöründeki Son Gelişmeler: Türkiye’deki Bankacılıkla İlgili Yeni Düzenlemelerin Etkileri
- Prof. Dr. Emine Fırat (Aksaray University, Türkiye)
- Prof. Dr. Ekrem Erdem (Erciyes University, Türkiye)
Abstract
Banking sector is susceptible to the social and economic events. With accelerating of the globalization movement in the world, financial crises experienced not only affected one sector, but also showed itself in the world. After financial crises, while banks face to the great hazards, on the other hand, they caught opportunities. For example, the spread of the approach of non-interest banking in the world led Islamic finance sector to grow. The Turkish banking sector, after 2000 November Crisis and 2001February Crisis, also experienced a rapid change process. In the recent years, the structures and banking understandings in the banks in our country changed. In the institutional meaning, a number of innovations, positive or negative, concerning the bank staff and customers, were conducted. As of October 8, 2013, with regulations published in official newspaper, the code on credit cards and banking cards was amended. The regulations conducted, economic and political events engaging in the agenda, and unexpected increase in the exchange rate caused the banks to be influenced and to react rapidly. In our study, the effects of the regulations conducted in the recent times and the economic fluctuations experienced on banking sector were studied. The state of banking sector in Turkey and the regulations conducted in the banking sector were studied in detail, basically using the observation method and by means of examples. As a result in Turkey, in order to provide the economic stability and to be able to sustain it, the banking sector should be powerful.
JEL codes: G01, G21
Fırat, Emine, Erdem, Ekrem (2014). "Recent Developments in the Banking Sector following the Global Crisis: The Effects of Regulations in the Banking Sector in Turkey" in Proceedings of International Conference of Eurasian Economies 2014, pp.472-481, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00969
