Yabancı Bankalar ve Bankacılık Krizi: Türkiye’den Ampirik Kanıt

Year 2015, Volume: 10 Issue: 2, 47 - 66, 01.08.2015

Julide Yalcınkaya Koyuncu Rasim Yılmaz

Abstract

Yükselen bankaların mevcudiyetinin artmasıyla birlikte, literatürde yabancı bankaların ev sahibi ülke ekonomisi üzerindeki etkileri konusunda da tartışmalar başlamıştır. Çalışmamız yabancı bankaların Türkiye’den ampirik kanıt sunarak katkıda bulunmaktadır. Çalışmamız Türkiye’deki yabancı ve ulusal bankaların finansal kriz dönemlerinde davranışlarını bankaların bankaların kriz dönemlerinde kredi istikrarına katkıda bulunup bulunmadığı ve yabancı banka sahipliği ile bir bankanın batma olasılığı arasında bir korelasyon olup olmadığı araştırılmıştır. Ampirik araştırmamız yabancı bankaların kriz dönemlerinde kredi istikrarına daha fazla katkıda bulunduğuna ve Türk bankacılık sektöründeki yabancı sahipliğinin bankaların batma olasılığını azalttığına işaret etmektedir

Keywords

Finansal Krizler, Bankalar, Sermaye ve Ortaklık Yapısı, Kredi İstikrarı, Yükselen Piyasa Ekonomileri, Panel Çalışması

Foreign Banks and Banking Crisis: Empirical Evidence From Turkey

Abstract

As the role of foreign banks in emerging markets increased, a debate which focuses on the impact of foreign banks on the host country has developed. Our paper contributes to this literature by presenting empirical evidence from Turkey. Our paper investigates the behavior of foreign and domestic banks in Turkey during financial crisis period. Using bank level data for Turkey, we investigate whether foreign banks contribute to the stability of credit during the periods of crisis and whether there is a correlation between foreign ownership and a bank’s likelihood of failure. Our empirical investigation indicates that foreign banks contribute to the greater stability of credit during the periods of crisis and foreign ownership in the banking sector reduces the probability of bank failure in Turkey

Keywords

Financial Crises, Banks, Capital and Ownership Structure, Credit Stability, Emerging markets, Panel Study.

References

• Banks Association of Turkey, Banks in Turkey, various years, www.bat.org.tr. Caballero, R. J., Krishnamurthy, A. (2003), “Excessive Dollar Debt: Financial Development and Underinsurance.” Journal of Finance, Vol. 58, No. 2, pp. 867–93.
• Canales-Kriljenko, J. I., Coulibaly, B., Herman, K. (2010) “Two Regions.” Finance & Development, Vol. 47, No. 1, pp.35-36.
• Crystal, J. S., Dages, G. B., Goldberg, L. S. (2002), “Has Foreign Bank Entry Led to Sounder Banks in Latin America?”Federal Reserves Bank of New York Current Issues in Economics and Finance, Vol. 8, No. 1, pp. 1-6.
• Dages, G. B., Goldberg, L. S., Kinney, D. (2000), “Foreign and domestic bank participation in emerging markets: Lessons from Mexico and Argentina.” Federal Reserve Bank of NewYork Economic Policy Review, September, pp. 17–36.
• De Haas, R., Van Lelyveld, I. (2006), “Foreign Banks and Credit Stability in Central and Eastern Europe. A Panel Data Analysis.” Journal of Banking and Finance, Vol. 30, pp. 1927-1952.
• Denizer, C. A. (2000). “Foreign entry in Turkey’s Banking Sector, 1980-1997.” The World Bank Policy Research Working Paper No. 2462, October, Washington D.C. Detragiache, E., Gupta, P. (2006) “Foreign Banks in Emerging Market Crises: Evidence from Malaysia.” Journal of Financial Stability, Vol. 2, No. 3, pp. 217-242.
• Galindo, A., Micco, A., Powell, A.A. (2005) “Loyal Lenders or Fickle Financiers: Foreign Banks in Latin America.” RES Working Papers 4403, Inter-American Development Bank, Research Department.
• Canales-Kriljenko, J. I., Coulibaly, B., Kamil, H. (2010) “A Tale of Two Regions.” Finance & Development, Vol. 47, No. 1, pp.35-36.
• Martinez Peria, M. S., Powell, A., Hollar, I. V. (2005) “Banking on Foreigners: The Behavior of International Bank Claims on Latin America, 1985-2000.” IMF Staff Paper 53(3). Washington DC.
• Morgan, D., Strahan, P. (2004), “Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries,” in Ahumada, L.A., Fuentes, J.R., ed., Banking Market Structure and Monetary Policy, Santiago: Central Bank of Chile, pp. 241–269.
• Moshirian, F. (2001), “International Investment in Financial Services.” Journal of Banking and Finance, Vol. 25, pp. 317-337.
• Reynoso, A. (2002), “Can Subsidiaries of Foreign Banks Contribute to the Stability of the Forex Market in Emerging Economies? A Look at Some Evidence from the Mexican Financial System.” NBER Working Paper 8864.
• Tschoegl, A. E. (2003), “Financial Crises and the Presence of Foreign Banks.” The Wharton Financial Institutions Center, The Working Paper Series No. 03-35.
• Van Rijckeghem, C., Weder, B. (2003), “Spillovers Through Banking Centers: A Panel Data Analysis of Bank Flows” Journal of International Money and Finance, Vol. 22, No. 4, pp. 483–509.