Securitization in Turkish banking system

Ahmet Faruk Aysan, Erick William Rengifo and Emre Ozsoz

MPRA Paper from University Library of Munich, Germany

Abstract: By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are important factors in a bank’s decision to securitize its loan portfolio. Banks’ on-balance sheet liquidity on the other hand is not a significant factor. We also use a binary probit model and predict with good certainty the timing of a bank’s securitization in capital markets. Again, bank size, profitability and equity are also explanatory variables in making these accurate predictions.

Keywords: securitization; Turkey; banking (search for similar items in EconPapers)
JEL-codes: F31 G21 G32 (search for similar items in EconPapers)
Date: 2012-02
New Economics Papers: this item is included in nep-ara and nep-ban
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36812

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