Impact of Shocks on the Development of Turkish Banking Industry

Abstract

Özet: Shock concepts have been studied in the literature to identify their impact on the development of various industries. Banking industry particularly in a developing country context seeks more attention as there has certainly been a close association throughout most of their shared history. This paper, therefore, aims to illuminate the impact of industry specific, country specific and international shocks on the development of Turkish banking industry since its existence from the period of Ottoman Empire until today's modern Turkey (1299-2013).

Abstract

Özet: Shock concepts have been studied in the literature to identify their impact on the development of various industries. Banking industry particularly in a developing country context seeks more attention as there has certainly been a close association throughout most of their shared history. This paper, therefore, aims to illuminate the impact of industry specific, country specific and international shocks on the development of Turkish banking industry since its existence from the period of Ottoman Empire until today's modern Turkey (1299-2013).

Keywords

• political instability,banking industry; shock concepts; Turkey; Ottoman Empire

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