FINANCIAL INTERVENTIONS

This book presents evidences on how the financial
interventions
have effects on the balance sheets of banks in the
Turkey and
therefore, on the economy, during normal times and
during crises. As happened in the financial crisis of
2001 in Turkey,
the effects of the Global Crisis of 2008 spread out
from US economy
on Turkish economy has been implying that financial
interventions
results from the desire to prevent banking and
financial crises so
that the worst business cycle contractions can be
avoided. Thus,
chapter one discusses the bases of the
interventionist framework
initiated by the Turkish government. Chapter two
draws an attention
to how the banking sector has been shaped by the
financial
interventions initiated by the government. Chapter
three explores
bank capital channel, regulatory effects, and
riskiness in the TBS,
and last one deals with the issue of crowding out,
interest and
exchange rate shocks, and bank lending in Turkey. The
book should
help shed some light on understanding of the issues
of the
operation of banking system, monetary theory and policy
application. It should be especially useful to
professionals in
economics and finance fields.

Autorentext

Suleyman Degirmen, Ph.D.: Studied economics at HacettepeUniversity-Turkey (BA), Texas A&M University-Commerce TX-USA (M.Sc), and George MasonUniversity, Fairfax, VA-USA (Ph.D.); studies monetary theory and policy,macroeconomics, Austrian economics; is associate professor of economics at MersinUniversity, Mersin-Turkey.

Klappentext

This book presents evidences on how the financialinterventions have effects on the balance sheets of banks in theTurkey and therefore, on the economy, during 'normal' times and during crises. As happened in the financial crisis of2001 in Turkey, the effects of the Global Crisis of 2008 spread outfrom US economy on Turkish economy has been implying that financialinterventions results from the desire to prevent banking andfinancial crises so that the worst business cycle contractions can beavoided. Thus, chapter one discusses the bases of theinterventionist framework initiated by the Turkish government. Chapter twodraws an attention to how the banking sector has been shaped by thefinancial interventions initiated by the government. Chapterthree explores bank capital channel, regulatory effects, andriskiness in the TBS, and last one deals with the issue of crowding out,interest and exchange rate shocks, and bank lending in Turkey. Thebook should help shed some light on understanding of the issuesof the operation of banking system, monetary theory and policy application. It should be especially useful toprofessionals in economics and finance fields.