Development of Competition Policy
in The Turkish Banking Sector: 1994-2005
Abstract
Increased concentration due to bank failures and government takeovers in the
banking market causes profitability in Turkish banking sector. Moreover, privatization
of state banks has been a failure for three decades Lack of competitive
forces in the Turkish banking industry attracted significant foreign entry into the
market
Keywords
banking regulation, competition policy, trade liberalization, European
union, political economy of Turkey