Other Financial Markets in Turkey

Yener Altunbas, Alper Kara and Özlem Olgu
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Alper Kara: Loughborough University
Özlem Olgu: Koç University

Chapter 7 in Turkish Banking, 2009, pp 151-168 from Palgrave Macmillan

Abstract: Abstract In previous chapters we have focused mainly on the changing trends in bank structure, regulation, liberalization, financial crises and IMF restructuring programmes, together with the efficiency and productivity level of the Turkish banking sector. However, other operating financial markets should also be considered in order to see a full picture of what happened in Turkey in recent decades. We therefore aim to examine and introduce readers to other financial markets operating in Turkey, and to review key statistics on financial activities in stock and bond markets in this chapter. It is organized as follows. First, there is a review of the operation of the Istanbul Stock Exchange (ISE). This section goes on to look at the initial public offerings (IPO) in the ISE, with some statistics. The structure, aim, participants and operations of bond markets in Turkey are reviewed in the following section, with an emphasis on primary and secondary market operations. Next, the chapter presents stylized figures on the activities of special finance institutions (SFIs) operating in Turkey, together with leasing, factoring and consumer finance companies. This is followed by the Conclusion.

Keywords: Financial Market; Total Asset; Trading Volume; Initial Public Offering; Bond Market (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-58206-4_7

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DOI: 10.1057/9780230582064_7

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