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THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010)

Yıl 2012, Cilt: 2 Sayı: 2, 1 - 19, 20.12.2012

Öz

In this study, it is focused on how and to what extent today’s fundamental banking regulation tools such as capital, liquidity, provisioning and reserve requirements applied by international agencies do influence the financial stability in both short and long term. In this analysis, the data derived from quarterly financial reports of Turkish Banking System for the period of 1990-2010 are used in order to display and measure the relationship between financial stability and banking regulations. According to our model, banking regulations, specifically liquidity management, capital adequacy and provision policy are meaningful and influential factors over financial stability in the long run. Also, in the short run, provision policy and liquidity management are significant banking regulation tools.

Kaynakça

  • AHUMADA A. C., BUDNEVICH C. L. (2001), “Some Measures of Financial Fragility in the Chilean Banking System: An Early Warning Indicators Application”, Central Bank of Chile Working Papers, N. 117, November, 9-10
  • AIZENMAN Joshua (2009), Financial Crisis and Paradox of Under- and Over-Regulation, NBER Working Paper N. 15018, May, 1-18
  • ASPACHS-BRACONS O., GOODHART C.A.E., TSOMOCOS D.P., ZICCHINO L. (2006), Towards a Measure of Financial Fragility, LSE Financial Markets Group Discussion Paper 554, February, 3-18
  • BAKIROV R., GRISHAN M. (2000), Banking Regulation and Financial Stability, ECONOMICS EDUCATION AND RESEARCH CONSORTIUM RUSSIA, Final Report, May,2-6
  • BARRELL Ray, HURST Ian and KIRBY Simon (2008), Financial Crises, Regulation and Growth, National Institute Economic Review, N. 206, May, 56-65
  • BARTH J. R., CAPRIO G. J., LEVINE R. (2004), Bank Regulation and Supervision: What Works Best?, Journal of Financial Intermediation, 13, 205-248
  • BARTH J.R., CAPRIO G. Jr., LEVINE R. (2006), Rethinking Bank Regulation Till Angels Govern, Cambridge University Press, Cambridge UK
  • BCBS (2010), The Basel Committee's Response to the Financial Crisis: Report to the G20, October, 2, 4-10
  • BRSA (2010), From the Crisis to the Stability: Turkey Experience, Working Paper, 3. Edition, 3 September, VII-IX, 14-85
  • BRSA (2010), Basel III with Questions, Risk Management Department, December, 11
  • BENSTON George J., KAUFMAN George G. (1996), The Appropriate Role of Bank Regulation, The Economic Journal, 106, May, 688-697
  • BORIO C., TSATSARONIS K. (2005), Accounting, Prudential Regulation and Financial Stability: Elements of a Synthesis, BIS Working Papers, No 180, September, 22-23
  • BORIO C., DREHMANN M. (2009), Towards an operational framework for financial stability: “fuzzy” measurement and its consequences, BIS Working Papers, No 284, June, 3-5
  • CAPRIO Gerard Jr. (2010), Safe and Sound Banking A Role for Countercyclical Regulatory Requirements?, Policy Research Working Paper, 5198, The World Bank, February, 24-26
  • CHAMI R., KHAN M. S., SHARMA S. (2003), Emerging Issues in Banking Regulation, IMF Working Paper, WP/03/101, May, 9, 20-21
  • CHANT John (2003), Financial Stability as a Policy Goal, Bank of Canada Technical Report, No 95, Essays on Financial Stability, 3-4
  • CROCKETT Andrew (1997), Why is Financial Stability a Goal of Public Policy?, Symposium of "Maintaining Financial Stability in a Global Economy", FED of Kansas City, August, 6-7
  • EICHENGREEN B., ROSE A., WYPLOSZ C (1996), “Contagious Speculative Attacaks”, NBER Working Paper, No: 5681
  • FABRICE M., JENS A., RUDIGER A. (2009), Prudential Regulation and Competition in Financial Markets, OECD Economics Department Working Papers, No. 735, December, 1-32
  • Fernandez L., Kaboub F., Todorova Z. (2008), “On Democratizing Financial Turmoil: A Minskian Analysis of the Subprime Crisis”, The Levy Economics Institute of Bard College, Working Paper No. 548, November, 2
  • GENÇAY Oya (2007), Finansal Dolarizasyon ve Finansal Đstikrar Arasındaki Đlişki: Türkiye Değerlendirmesi, TCMB Uzmanlık Yeterlilik Tezi, Şubat, Ankara, 27, 51-52, 84-89
  • HALDANE A.G., HOGGART G.G., SAPORTA V., SINCLAIR P. (2004), Financial Stability and Bank Solvency, The International Banking Conference, Chicago, October, 2-3
  • KAMINSKY G. L., REINHART C. M. (1999), “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems”, The American Economic Review, Vol: 89, No: 3
  • KĐBRĐTÇĐOĞLU Aykut (2003), Monitoring Banking Sector Fragility, The Arab Bank Review, Vol. 5 No. 2, October, 51-66
  • MISHKIN Frederic S. (2000), Financial Stability and The Macroeconomy, Central Bank of Iceland Working Papers, No 9, May, 2-47
  • MISHKIN Frederic S. (1997), The Causes and Propagation of Financial Instability: Lessons for Policymakers, Federal Reserve Bank of Kansas City Proceedings, 55-97
  • ÖZCAN Serkan (2006), Para Politikası Tercihleri ile Finansal Đstikrar Arasındaki Đlişki, Enflasyon Hedeflemesi Politikasında Finansal Đstikrar ve Türkiye Analizi, TCMB Uzmanlık Yeterlilik Tezi, Mayıs, Ankara, 12-14, 80-109
  • PADOA-SCHIOPPA Tommaso (2002), Central Banks and Financial Stability: Exploring a Land in Between, Second ECB Central Banking Conference Frankfurt am Main 24 and 25 October, 3-22
  • ROSSI Marco (1999), Financial Fragility and Economic Performance in Developing Economies: Do Capital Controls, Prudential Regulation and Supervision Matter?, IMF Working Paper, WP/99/66, May, 20-21
  • SCHINASI Garry J (2004), Defining Financial Stability, IMF Working Paper, WP/04/187, October, 3-8
  • CBRT (2010), Finansal Đstikrar Raporu, Sayı: 10, Mayıs, 85, 93
  • TĐRYAKĐ Göksel (2010), Bankacılık Sektöründe -Basel Sermaye Uzlaşıları- Sermaye Yeterliliği Standart Rasyosu Gerçekten Yeterli Midir? Kaldıraç Oranı’na ve Daha Güçlü Bir Bankacılık Düzenleme Çerçevesine Đlişkin Değerlendirmeler, Vergi Dünyası Dergisi, 347. Sayı, Temmuz, 118-122
  • TĐRYAKĐ Göksel (2009), Basel Regulations, Economic Capital And Their Implications For The Turkish Banking Industry, Doğuş Üniversitesi Dergisi, 10. Cilt. 1. Sayı, Ocak, 119-131
  • TĐRYAKĐ Göksel (2004), Ekonomik Suçlar, Bankacılık Suçları ve Bu Tür Suçlarla Mücadele Stratejisi, Active Bankacılık ve Finans Dergisi, 34. Sayı, 56-76
  • TĐRYAKĐ Göksel (2009), Küresel Bankacılık Düzenlemelerinde Yeni Dönem, Active Bankacılık ve Finans Dergisi, 60. Sayı, 38
  • TĐRYAKĐ Göksel (2009), Küresel Krizlerin Gölgesinde Yeni Bir Global Finansal Mimariye Doğru, Active Bankacılık ve Finans Dergisi, 57. Sayı, 34
  • TYMOIGNE Eric (2011), Measuring Macroprudential Risk: Financial Fragility Indexes, The Levy Economics Institute of Bard College, Working Paper No. 654, March, 4-10
  • VANHOOSE David D. (2008), Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?, Atlantic Economic Journal, 36. Volume 1. Issue, March, 1-14
  • YÜCEMEMĐŞ Tanınmış Başak (2011), Finansal Đstikrarda Para Politikasının Rolü, Derin Yayınları, Đstanbul
Yıl 2012, Cilt: 2 Sayı: 2, 1 - 19, 20.12.2012

Öz

Bu çalışmada, büyük oranda uluslararası kurallara bağlanan sermaye, likidite, kredi karşılıkları ve zorunlu karşılıklar gibi temel bankacılık düzenleme araçlarının finansal istikrarı kısa ve uzun dönemde nasıl ve ne kadar etkilediğine odaklanılmaktadır. Finansal istikrar ile bankacılık düzenlemeleri arasındaki ilişkinin gösterilmesi ve ölçülmesi Türk Bankacılık Sektörü’nün 1990-2010 arası çeyrek dönem finansal tabloları üzerinden yapılmıştır. Oluşturduğumuz modele göre, likidite yönetimi, sermaye yeterliliği ve karşılık politikası gibi düzenleme araçları uzun dönemde finansal istikrar üzerinde etkili olurken, kısa dönemde karşılık politikası ve likidite yönetiminin finansal istikrar üzerinde önemli tesiri olduğu anlaşılmıştır

Kaynakça

  • AHUMADA A. C., BUDNEVICH C. L. (2001), “Some Measures of Financial Fragility in the Chilean Banking System: An Early Warning Indicators Application”, Central Bank of Chile Working Papers, N. 117, November, 9-10
  • AIZENMAN Joshua (2009), Financial Crisis and Paradox of Under- and Over-Regulation, NBER Working Paper N. 15018, May, 1-18
  • ASPACHS-BRACONS O., GOODHART C.A.E., TSOMOCOS D.P., ZICCHINO L. (2006), Towards a Measure of Financial Fragility, LSE Financial Markets Group Discussion Paper 554, February, 3-18
  • BAKIROV R., GRISHAN M. (2000), Banking Regulation and Financial Stability, ECONOMICS EDUCATION AND RESEARCH CONSORTIUM RUSSIA, Final Report, May,2-6
  • BARRELL Ray, HURST Ian and KIRBY Simon (2008), Financial Crises, Regulation and Growth, National Institute Economic Review, N. 206, May, 56-65
  • BARTH J. R., CAPRIO G. J., LEVINE R. (2004), Bank Regulation and Supervision: What Works Best?, Journal of Financial Intermediation, 13, 205-248
  • BARTH J.R., CAPRIO G. Jr., LEVINE R. (2006), Rethinking Bank Regulation Till Angels Govern, Cambridge University Press, Cambridge UK
  • BCBS (2010), The Basel Committee's Response to the Financial Crisis: Report to the G20, October, 2, 4-10
  • BRSA (2010), From the Crisis to the Stability: Turkey Experience, Working Paper, 3. Edition, 3 September, VII-IX, 14-85
  • BRSA (2010), Basel III with Questions, Risk Management Department, December, 11
  • BENSTON George J., KAUFMAN George G. (1996), The Appropriate Role of Bank Regulation, The Economic Journal, 106, May, 688-697
  • BORIO C., TSATSARONIS K. (2005), Accounting, Prudential Regulation and Financial Stability: Elements of a Synthesis, BIS Working Papers, No 180, September, 22-23
  • BORIO C., DREHMANN M. (2009), Towards an operational framework for financial stability: “fuzzy” measurement and its consequences, BIS Working Papers, No 284, June, 3-5
  • CAPRIO Gerard Jr. (2010), Safe and Sound Banking A Role for Countercyclical Regulatory Requirements?, Policy Research Working Paper, 5198, The World Bank, February, 24-26
  • CHAMI R., KHAN M. S., SHARMA S. (2003), Emerging Issues in Banking Regulation, IMF Working Paper, WP/03/101, May, 9, 20-21
  • CHANT John (2003), Financial Stability as a Policy Goal, Bank of Canada Technical Report, No 95, Essays on Financial Stability, 3-4
  • CROCKETT Andrew (1997), Why is Financial Stability a Goal of Public Policy?, Symposium of "Maintaining Financial Stability in a Global Economy", FED of Kansas City, August, 6-7
  • EICHENGREEN B., ROSE A., WYPLOSZ C (1996), “Contagious Speculative Attacaks”, NBER Working Paper, No: 5681
  • FABRICE M., JENS A., RUDIGER A. (2009), Prudential Regulation and Competition in Financial Markets, OECD Economics Department Working Papers, No. 735, December, 1-32
  • Fernandez L., Kaboub F., Todorova Z. (2008), “On Democratizing Financial Turmoil: A Minskian Analysis of the Subprime Crisis”, The Levy Economics Institute of Bard College, Working Paper No. 548, November, 2
  • GENÇAY Oya (2007), Finansal Dolarizasyon ve Finansal Đstikrar Arasındaki Đlişki: Türkiye Değerlendirmesi, TCMB Uzmanlık Yeterlilik Tezi, Şubat, Ankara, 27, 51-52, 84-89
  • HALDANE A.G., HOGGART G.G., SAPORTA V., SINCLAIR P. (2004), Financial Stability and Bank Solvency, The International Banking Conference, Chicago, October, 2-3
  • KAMINSKY G. L., REINHART C. M. (1999), “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems”, The American Economic Review, Vol: 89, No: 3
  • KĐBRĐTÇĐOĞLU Aykut (2003), Monitoring Banking Sector Fragility, The Arab Bank Review, Vol. 5 No. 2, October, 51-66
  • MISHKIN Frederic S. (2000), Financial Stability and The Macroeconomy, Central Bank of Iceland Working Papers, No 9, May, 2-47
  • MISHKIN Frederic S. (1997), The Causes and Propagation of Financial Instability: Lessons for Policymakers, Federal Reserve Bank of Kansas City Proceedings, 55-97
  • ÖZCAN Serkan (2006), Para Politikası Tercihleri ile Finansal Đstikrar Arasındaki Đlişki, Enflasyon Hedeflemesi Politikasında Finansal Đstikrar ve Türkiye Analizi, TCMB Uzmanlık Yeterlilik Tezi, Mayıs, Ankara, 12-14, 80-109
  • PADOA-SCHIOPPA Tommaso (2002), Central Banks and Financial Stability: Exploring a Land in Between, Second ECB Central Banking Conference Frankfurt am Main 24 and 25 October, 3-22
  • ROSSI Marco (1999), Financial Fragility and Economic Performance in Developing Economies: Do Capital Controls, Prudential Regulation and Supervision Matter?, IMF Working Paper, WP/99/66, May, 20-21
  • SCHINASI Garry J (2004), Defining Financial Stability, IMF Working Paper, WP/04/187, October, 3-8
  • CBRT (2010), Finansal Đstikrar Raporu, Sayı: 10, Mayıs, 85, 93
  • TĐRYAKĐ Göksel (2010), Bankacılık Sektöründe -Basel Sermaye Uzlaşıları- Sermaye Yeterliliği Standart Rasyosu Gerçekten Yeterli Midir? Kaldıraç Oranı’na ve Daha Güçlü Bir Bankacılık Düzenleme Çerçevesine Đlişkin Değerlendirmeler, Vergi Dünyası Dergisi, 347. Sayı, Temmuz, 118-122
  • TĐRYAKĐ Göksel (2009), Basel Regulations, Economic Capital And Their Implications For The Turkish Banking Industry, Doğuş Üniversitesi Dergisi, 10. Cilt. 1. Sayı, Ocak, 119-131
  • TĐRYAKĐ Göksel (2004), Ekonomik Suçlar, Bankacılık Suçları ve Bu Tür Suçlarla Mücadele Stratejisi, Active Bankacılık ve Finans Dergisi, 34. Sayı, 56-76
  • TĐRYAKĐ Göksel (2009), Küresel Bankacılık Düzenlemelerinde Yeni Dönem, Active Bankacılık ve Finans Dergisi, 60. Sayı, 38
  • TĐRYAKĐ Göksel (2009), Küresel Krizlerin Gölgesinde Yeni Bir Global Finansal Mimariye Doğru, Active Bankacılık ve Finans Dergisi, 57. Sayı, 34
  • TYMOIGNE Eric (2011), Measuring Macroprudential Risk: Financial Fragility Indexes, The Levy Economics Institute of Bard College, Working Paper No. 654, March, 4-10
  • VANHOOSE David D. (2008), Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?, Atlantic Economic Journal, 36. Volume 1. Issue, March, 1-14
  • YÜCEMEMĐŞ Tanınmış Başak (2011), Finansal Đstikrarda Para Politikasının Rolü, Derin Yayınları, Đstanbul
Toplam 39 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Göksel Tiryaki

Göksel Tiryaki

Yayımlanma Tarihi 20 Aralık 2012
Gönderilme Tarihi 20 Aralık 2012
Yayımlandığı Sayı Yıl 2012 Cilt: 2 Sayı: 2

Kaynak Göster

APA Tiryaki, G., & Tiryaki, G. (2012). THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010). Para Ve Sermaye Piyasaları Dergisi, 2(2), 1-19.
AMA Tiryaki G, Tiryaki G. THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010). Para ve Sermaye Piyasaları Dergisi. Aralık 2012;2(2):1-19.
Chicago Tiryaki, Göksel, ve Göksel Tiryaki. “THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010)”. Para Ve Sermaye Piyasaları Dergisi 2, sy. 2 (Aralık 2012): 1-19.
EndNote Tiryaki G, Tiryaki G (01 Aralık 2012) THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010). Para ve Sermaye Piyasaları Dergisi 2 2 1–19.
IEEE G. Tiryaki ve G. Tiryaki, “THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010)”, Para ve Sermaye Piyasaları Dergisi, c. 2, sy. 2, ss. 1–19, 2012.
ISNAD Tiryaki, Göksel - Tiryaki, Göksel. “THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010)”. Para ve Sermaye Piyasaları Dergisi 2/2 (Aralık 2012), 1-19.
JAMA Tiryaki G, Tiryaki G. THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010). Para ve Sermaye Piyasaları Dergisi. 2012;2:1–19.
MLA Tiryaki, Göksel ve Göksel Tiryaki. “THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010)”. Para Ve Sermaye Piyasaları Dergisi, c. 2, sy. 2, 2012, ss. 1-19.
Vancouver Tiryaki G, Tiryaki G. THE RELATIONSHIP BETWEEN FINANCIAL STABILITY AND BANKING REGULATIONS IN TURKEY (1990-2010). Para ve Sermaye Piyasaları Dergisi. 2012;2(2):1-19.