EFFECTS OF THE GLOBAL ECONOMIC CRISIS ON TURKISH BANKING SECTOR

Yıl 2010, Cilt: 2 Sayı: 1, 113 - 120, 01.06.2010

Osman Nuri Aras

Öz

The global economic crisis began in 2008 has had major negative effects the economies of all
countries in the world. Turkey is also one of the very seriously affected countries by the crisis.
However, effects of the global crisis on Turkish Banking Sector remained relatively limited
compared to its peers in developed and other developing countries.
Turkish Banking Sector has been less affected by the global crisis because of after November-2000
and February-2001 crises, gaining the banking sector stronger capital structure and stronger
equity capital structure as a result of taken structural measures and improvements; effective
supervision and regulation of the Banking Regulation and Supervision Agency; the absence of a
functioning mortgage sector such as America; several structural and fundamental features of the
sector itself; the macroeconomic policies of the Central Bank of Turkey; and some additional
measures taken by banks in the process of the global economic crisis.

Anahtar Kelimeler

Global Crisis, Turkish Economy, Turkish Banking Sector

Kaynakça

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