 Regulatory regime change in Turkish banks: Reactive or proactive?Istemi Demirag Accounting Forum, 2012, vol. 36, issue 1, 62-80 Abstract: This paper examines the positive contributions made toward restructuring the regulatory framework of Turkey's banking and financial sectors prior to and post the 2000–2001 financial crisis. Drawing on a framework initially developed by Onis and Senses (2007, 2009) and further referred to by Onis (2009, 2010) it argues that financial reforms undertaken by the Turkish government would not have been successful without the strong support of domestic coalitions. While the external pressures put on the Turkish government from the International Monetary Fund, The World Bank and the European Union for financial reforms were necessary to kick start the reforms as a reactive process, these pressures on their own may have served only the interests of financial business elites at the expense of the broader stakeholders. Empirical data for the study was collected from documentary analysis of key financial institutions and interviews with twenty major Turkish regulatory agents and other stakeholders. The paper then discusses how the perceptions of these stakeholders are embodied into, and have influenced, regulatory regime change in Turkey from a reactive state to a more proactive one. Date: 2012 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:accfor:v:36:y:2012:i:1:p:62-80 Ordering information: This journal article can be ordered from DOI: 10.1016/j.accfor.2011.10.002 Access Statistics for this article Accounting Forum is currently edited by Carol Tilt More articles in Accounting Forum from Taylor & Francis Journals |
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