The Political Economy of Inflation: Are Turkish Banks Potential Losers From Stabilization?

Caroline Van Rijckeghem

Istanbul Stock Exchange Review, 1999, vol. 3, issue 10, 1-16

Abstract: Turkish banks are widely seen as potential losers from a stabilization program because the exchange risk premia on government domestic currency denominated debt would fall and because banks would lose inflationary revenues from demand deposits. This paper shows, using techniques from finance as well as regression analysis and a review of cross-country experience that, to the contrary, banks are likely to gain from stabilization, both because of the presence of a large maturity gap and because of increased financial intermediation.

Date: 1999
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_10.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:3:y:1999:i:10:p:1-16

Access Statistics for this article

More articles in Istanbul Stock Exchange Review from Research and Business Development Department, Borsa Istanbul Contact information at EDIRC.
Bibliographic data for series maintained by Ahmet Palu ().