The Turkish banking sector two years after the crisis: A snapshot of the sector and current risks

The Turkish Economy in Crisis

Volumn , Issue , 2003, Pages 168-185

  Akcay, O Cevdet ^a,b  

^a Koçbank and Koç Yatirim   (Turkey)

^b KOÇ UNIVERSITY   (Turkey)

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EID: 84908942114     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4324/9780203502044     Document Type: Chapter

References (7)

1. Profitability is a hotly debated issue in the Turkish banking sector, and there are those who claim that profitability is high at the surface but, when corrected for inflation, it comes down drastically. That it comes down is true, but it is still very high indeed by international standards. For a more detailed exposition of the issue, see Osman Cevdet Akcay, Refik Erzan, and Reha Yolalan, "An Overview of the Turkish Banking Sector," Boğaziçi Journal: Review of Social, Economic and Administrative Studies, Vol. 15, No. 1 (2001), pp. 13-23.
2. For a detailed analysis of efficiency in the banking sector in the pre-crisis period, see Muhammet Mercan and Reha Yolalan, "The Effects of Financial Liberalization and New Bank Entry on Market Structure and Competition in Turkey," unpublished manuscript, 2000.
3. On the nature of the International Monetary Fund (IMF) "Stand by Arrangement," see The Undersecretariat of Treasury, Prime Ministry, The Turkish Republic, stand-by Arrangement-Letter of Intent, Turkey, Dec. 1999, available from the Turkish Treasury's website, .
4. For a detailed and critical investigation of this issue, see IMF, Country Staff Report, Turkey (IMF, Feb. 2000);
5. IMF, International Capital Markets: Prospects and Key Policy Issues (IMF, Sept. 2000).
6. For a detailed analysis and elaboration of the recent crises, see Fatih Özatay and Güven Sak, "The 2000-2001 Financial Crisis in Turkey," Paper presented at the Brookings Trade Forum 2002: Currency Crises, Washington DC, May 2002.
7. For a comprehensive investigation of the Turkish Banking Sector, see Akcay, Erzan, and Yolalan (2001), pp. 13-23.