 Turkey as an Accession CountryÖzlem Olgu
Chapter 8 in European Banking, 2011, pp 199-226 from Palgrave Macmillan Abstract: Abstract This chapter focuses on the legal and structural changes, as well as current developments, in the Turkish banking sector. In becoming an EU accession country, Turkey had to adjust its legislation and regulatory environment to that of the EU by adopting the EU acquis communautaire during the convergence process. The first section of this chapter reviews the restructuring strategy of Turkey over the last decades. Following this, the chapter examines the recent structure and assesses the increasing foreign presence in the Turkish banking sector, specifically comparing it to its Central and Eastern European counterparts. Then, the focus of attention switches to the EU accession process, by discussing Turkey’s long-standing EU membership negotiations as well as the likely pros and cons both for Turkey and the EU. Finally, Turkey’s readiness and the impact of the Basel II Accord directives on the current levels of capital adequacy of Turkish banks, and the institutional preparations of Turkish banking and financial systems towards adapting EU regulation and systems are discussed. Keywords: Banking Sector; Private Bank; Foreign Bank; European Economic Community; Real Effective Exchange Rate (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30591-5_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.