Foreign Currency Transactions in the Turkish Banking Sector

Hüseyin Selimler and Süleyman Kale
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Hüseyin Selimler: T.C. Ziraat Bankası A.Ş.
Süleyman Kale: T.C. Ziraat Bankası A.Ş.

Journal of Finance Letters (Maliye ve Finans Yazıları), 2012, vol. 27, issue 96, 35-65

Abstract: Banks pay special attention to foreign exchange transactions as being the source of revenue and foreign exchange risk. FX denominated asset and liability items took considerable share in balance sheet during 2006-2011 period. International opennes, contagion possibility of financial crisis, flactuations and crisis in European countries require to emphasize more on such accounts and transactions. Turkish banking sectors had frequently carried open position in the past, but recently open-position of balance sheet is protected with off-balace sheet transactions, and the net position is preserved within legal limits. Experiences gained during crisis together with awareness, regulations about foreign exhange positions and improved risk management applications may be assumed as the factors that decreased the foreign exhange risk exposure of the banking sector.

Keywords: balance sheet items; foreign exchange transactions; open position; exchange rate risk. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:27:y:2012:i:96:p:35-65

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