THE EFFECTS TO TURKISH BANKING SECTORS OF FOREIGN CAPITAL MOVEMENTS: 1990-2007 PERIOD CAUSALITY ANALYSIS

Year 2009, Volume: 5 Issue: 9, 19 - 33, 01.06.2009

Salih Barışık Aykut Şarkgüneşi

Abstract

An increase has been observed in the amount of foreign capital in Turkey. At this study, The effects of foreign capital on to banks’ credits borrowed from abroad, bank assets, banks’, tangible assets investments, total deposits, net capitals, lend credits to private sectors by banks were analyzed with Toda-Yamamoto causality test. According to the test results, both direct investment and portfolio investment have had positive effect on net capitals and tangible asset investments of banks. It is also observed that banks have strengthened their capital structure through with foreign capital inflow. On the contrary, it was found that foreign capital has not affected banks’ credits to private sectors yet

Keywords

Foreign Capital, Banking Sector, Toda-Yamamoto Causality Test

Yabancı Sermaye Hareketlerinin Türk Bankacılık Sektörüne Etkileri 1990-2007 Dönemi Nedensellik Analizi

Abstract

Türkiye’de yabancı sermaye rakamlarında bir artış gözlenmektedir. Bu çalışmada, yabancı sermayenin bankacılık sektörünün yurtdışından kullandıkları kredilere, banka aktiflerine, bankaların menkul değer yatırımlarına, mevduat toplamına, banka özkaynaklarına, özel sektöre kullandırdıkları kredilere etkisi Toda-Yamamoto nedensellik testi ile analiz edilmiştir. Test sonuçlarına göre, hem doğrudan yatırımlar hem de portföy yatırımları bankaların özkaynaklarını ve menkul değer yatırımlarını olumlu etkilemektedir. Bankaların yabancı sermaye girişleri ile sermayelerini güçlendirdiği gözlenmektedir. Diğer yandan yabancı sermayenin henüz bankaların verdikleri kredileri etkileyemediği gözlenmektedir.

Keywords

Yabancı Sermaye, Bankacılık Sektörü, Toda-Yamamoto

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