Financial transparency and sources of hidden capital in Turkish banks

Journal of Financial Services Research

Volumn 37, Issue 1, 2010, Pages 25-43

  Tanyeri, Başak ^a  

^a BILKENT UNIVERSITY   (Turkey)

Author keywords

Financial safety net; Transparency; Turkish financial crisis

Indexed keywords

EID: 72449157424     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10693-009-0064-9     Document Type: Article

References (40)

1. Alparslan M, Tulay B, Erdonmez PA (2000) "Mevduat Sigorta Sisteminin Çeşitli Ülkelerde ve Türkiye"de Uygulanmasi{dotless}", The Banks Association of Turkey. Available at: http://www.tbb.org.tr/turkce/arastirmalar/sigorta.zip.
2. Alper CE, Öniş Z (2003) Financial globalization, the democratic deficit, and recurrent crises in emerging markets: the turkish experience in the aftermath of capital account liberalization. Emerging Markets Finance and Trade 39:5-26.
3. Antoniou A, Ergul N, Holmes P (1997) Market Efficiency, Thin Trading and Non-linear Behavior: Evidence from an Emerging Market. European Financial Management 3:175-190.
4. Balaban E, Kunter K (1997) A note on the efficiency of financial markets in a developing country. Applied Economic Letters 4:109-112.
5. Baum C (2006) An introduction to modern econometrics using STATA. STATA, College Station.
6. Berg A (1999) "The Asia Crisis Causes, Policy Responses, and Outcomes", IMF Working Paper No. 99/138. Available at SSRN: http://ssrn.com/abstract=880665.
7. Berger AN, Demirgüç-Kunt A, Levine R, Haubrich JG (2004) Bank concentration and competition: an evolution in the making. Journal of Money, Credit and Banking 36:433-451.
8. The Banks Association of Turkey (1998) 40. Yi{dotless}li{dotless}nda Türkiye Bankaci{dotless}lar Birliǧi ve Türk Bankaci{dotless}li{dotless}k Sistemi. Available at: http://www.tbb.org.tr/turkce/YENI_40yil.htm.
9. The Banks Association of Turkey (2001) "Son Dönemde Bankaci{dotless}li{dotless}k Alani{dotless}nda Gerçekleştirilen Yasal ve Düzenliyici Deǧisiklikler, 1999-2001". Available at www.tbb.org.tr/turkce/dergi/dergi39/Düzenleme.doc.
10. Cornett MM, McNutt JJ, Tehranian H (2006) Performance changes around bank mergers: revenue enhancements versus cost reductions. Journal of Money Credit and Banking 38:1013-1050.
11. Damar E (2004) "The Turkish Banking Sector in the 1980s, 1990s and Beyond" Tacoma. Department of Economics, Pacific Lutheran University, Unpublished Manuscript, WA.
12. Danielsson Jon, Saltoǧlu Burak (2003) "Anatomy of a Market Crash: A Market Microstructure Analysis of the Turkish Overnight Liquidity Crisis", EFA 2003 Annual Conference Paper No. 965. Available at SSRN: http://ssrn.com/abstract=424924.
13. DeYoung R, Hunter RC, Udell GF (2004) The past, present, and probable future for community banks. Journal of Financial Services Research 25:85-133.
14. Grossman RS (1992) Deposit insurance, regulation, and moral hazard in the thrift industry: evidence from the 1930's. American Economic Review 82(4):800-821.
15. Institute of International Finance (2009) "Capital Flows to Emerging Market Economies", available at: http://www.iif.com.
16. Jang Ji-Hyang (2005) "Taming Political Islamists by Islamic Capital: The Passions and the Interests in Turkish Islamic Society", Ph.D. Dissertation, University of Texas at Austin. Available at: http://www.lib.utexas.edu/etd/d/2005/jangj05548/jangj05548.pdf.
17. Jensen MC, Meckling WH (1976) Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics 3:305-360.
18. Kane EJ (1989) Changing incentives facing financial-services regulators. Journal of Financial Services Research 2:265-274.
19. Kane EJ (1997) Ethical foundations of financial regulation. Journal of Financial Services Research 12:51-74.
20. Kane EJ (2000) Capital movements, banking insolvency, and silent runs in the Asian financial crisis. Pacific-Basin Finance Journal 8:153-175.
21. Kane EJ (2001) Dynamic inconsistency of capital forbearance: Long-run vs. short-run effects of too-big-to-fail policymaking. Pacific-Basin Finance Journal 9:281-299.
22. Kane EJ (2004) Continuing dangers of disinformation in corporate accounting reports. Review of Financial Economics 13:149-164.
23. Kane EJ, Ünal H (1990) Modeling structural and temporal variation in the market's valuation of banking firms. Journal of Finance 45:113-135.
24. Kane EJ, Ünal H, Demirgüç-Kunt A (1991) "Capital Positions of Japanese Banks," Pacific-Basin Capital Markets Research, Volume II, S.G. Rhee and R.P. Chang, eds., pp. 125-141. Amsterdam: Elsevier Science Publishers B.V.
25. Kane EJ, Wilson B (2002) Regression evidence of safety-net support in Canada, the UK and the U.S., 1893-1992. The Quarterly Review of Economics and Finance 16:1-23.
26. Kibritcioglu Aykut (2001) "Economic Crises and Governments in Turkey, 1969-2001 (Türkiye'de Ekonomik Krizler ve Hükümetler, 1969-2001)", Available at SSRN: http://ssrn.com/abstract=895806.
27. Merton RC (1977) An analytic derivation of the cost of deposit insurance and loan guarantees. Journal of Banking and Finance 1:3-11.
28. Milliyet Gazetesi, "Kara Çarşamba". Available at: http://www.milliyet.com.tr/2001/02/22/ekonomi/eko01.html.
29. Müslümov A (2005) Full deposit insurance and the moral hazard problem: The case of Turkish banking system. Boǧaziçi Journal - Review of Social, Economic and Administrative Studies, 19:1-22.
30. O'Hara M, Shaw W (1990) Deposit insurance and wealth effects: the value of being ""Too Big To Fail". Journal of Finance 45:1587-1600.
31. Önder Z, Özyildirim S (2008) Market reaction to risky banks: did generous deposit guarantee change it? World Development 36:1415-1435.
32. Öniş Ziya, Caner Baki{dotless}r (2007) "Turkey's Political Economy in the Age of Financial Globalization: The Significance of the EU Anchor", South European Society & Politics, 147 - 164.
33. Saunders A, Strock E, Travlos NG (1990) Ownership structure, deregulation, and bank risk taking. Journal of Finance 45:643-654.
34. Schich S (2009) Challenges associated wity the expansion of deposit insurance coverage during fall 2008. Economics, The Open-access Open Assessment E-Journal 3:2009-20.
35. Selçuk F, Ertuǧrul A (2001) A brief Account of the Turkish economy: 1980-2000. Russian & East European Finance and Trade 37:6-28.
36. Soral HB, Işcan TB, Hebb G (2006) Fraud, banking crisis, and regulatory enforcement: evidence from micro-level transactions data. European Journal of Law and Economics 21:179-197.
37. Press STATA (2005) STATA Base Reference Manual, Volume 1, Release 9. College Station, Texas.
38. Vishwanath T, Kaufmann D (2001) Toward transparency: new approaches and their application to financial markets. The World Bank Research Observer 16:41-57.
39. Ünal H, Demirgüç-Kunt A, Leung K (1993) The brady plan, 1989 debt-reduction agreement, and bank stock returns in united stated and japan. Journal of Money, Credit, and Banking 25:410-429.
40. Wooldridge J (2002) Econometric Analysis of Cross Section and Panel Data, The MIT Press.