Bu çalışmada öncelikli olarak 2001 krizi sonrasında ekonomi ve bankacılık sektörünün genel durumu tespit edilmeye çalışılmıştır. 2001 yılında gerçekleşen ekonomik daralma, kurlardaki hızlı iniş çıkışlar, enflasyon, işsizlik gibi gelişmelerin dalgalı kur sistemine geçilmesi, enflasyon hedeflemesinin uygulanmaya başlanması, Merkez Bankasının bağımsızlığını sağlanmasına yönelik yasanın çıkartılması ile sonuçlanmıştır. Banka sayısı, hizmet çeşitliliği ve teknolojik altyapı olarak ilerlemiş olan ...

Literature on capital flows identifies various channels through which capital inflows could create financial fragility and economic instability in developing and emerging economies. Domestic credit expansion is one such channel. Capital inflows can lead to rapid expansion of domestic credit even create credit bubbles and thus result in an increased fragility of the economy. I analyze the link between private capital inflows and bank credit to the private sector in the case of Turkey between 2003 ...

A recent series of academic studies, think-tank reports, and news articles shows widespread attention to rising industrial concentration and market power in the U.S. economy. In this paper, we focus on concentration in the U.S. nonfinancial corporate sector to make three contributions to the literature. First, we use examples from the debate on industrial concentration to show that there are often-divergent predictions in the theoretical literature surrounding the expected consequences of concentration ...

In this article we analyze the financing constraints-investment link for the case of Turkey between 1996 and 2013. As different from the existing studies on Turkey we use a more comprehensive data set that includes both publicly-traded and privately-owned firms and analyze the differences in constraints across small- and medium-sized firms and large firms. In addition to the commonly used cash-flow sensitivities we use alternative measures of constraints build from multiple firm specific variables. ...

The post-1980 era witnessed an increase in the frequency and severity of financial crises around the globe the majority of which took place in low-and middle-income countries. Studies of the impacts of these crises have identified three broad sets of consequences. First the burden of crises falls disproportionately on labor in general and low-income segments of society in particular. In the years following financial crises wages and labor share of income fall the rate of unemployment increases the ...

Kapitalizm, ortaya çıkışından bu yana dünya üzerinde eşit olmayan bir gelişme üretmiştir. İlk başlarda, kapitalizmin ortaya çıktığı bölgeler ve bunların uzantılarıyla dünyanın geri kalanı arasında kurulan ilişkilerin yarattığı eşit olmayan gelişme dinamikleri, sistemin mantığı tarafından sürekli yeniden üretilmektedir. Dünyanın belirli yerlerinde ortaya çıkan iktisadi gelişme, çoğu zaman başka bölgelerde ‘azgelişme’ yaratmaktadır. Gerek 1980 öncesinin devletçi kalkınma politikaları gerekse daha ...

We analyze the relationship between financing constraints and firms' R&D activity using a rich and comprehensive firm-level balance sheet and income statement data set of manufacturing firms in Turkey for the period 1996 to 2013. Using a firm-specific, time-varying financing constraints index, we find that financing constraints have a negative relationship with firms' R&D activity, after controlling for other determinants of R&D such as firm size, capital intensity and export market participation.

The purpose of this study is to identify and analyze exchange rate pass through coefficients for the last 13 years of the Turkish economy. For this purpose, I use latest data of inflation levels and exchange rate for the period of January 2006 and March 2019. Unlike other studies focusing on implicit inflation targeting period and pre-inflation targeting periods, focusing on explicit inflation targeting regime in Turkey give real insight about how exchange rate affects inflation under the price ...