Publication:
Turkey - Corporate Bond Market Development : Priorities and Challenges

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-20T21:51:11Z
dc.date.available2013-02-20T21:51:11Z
dc.date.issued2012-02
dc.description.abstractThe study is in response to a request by the Capital Markets Board of Turkey to assist them in developing the corporate bond market in line with best practices globally. The objective of this study is to carry out an assessment of the status of the corporate bond market in Turkey. The study identifies key impediments and solutions to sustainable development, and it presents a roadmap to address the key impediments to the development of a dynamic and robust corporate bond market. This study provides a comprehensive review of the Turkish corporate bond market: chapter two provides an overview of the Turkish economy and financial sector; chapter three discusses key impediments to the vibrant development of the corporate bond; chapter four looks at the Turkish bond market within global bond markets and gives a review of the Turkish government bond market; chapter five discusses issues relating to the investor base, factors constraining the growth of a broad and diversified investor base are highlighted; chapter six provides an overview of derivatives market in Turkey and discusses its important role in enhancing liquidity in the secondary markets for government and corporate bonds. The study concludes with a recommended roadmap to develop the corporate bond market in chapter seven. The annexes cover the latest corporate bond offerings in Turkey and examine the expected transaction costs. Survey details of the survey are also in the annex, and details on selected emerging market corporate bond markets and market issues relating to the legal, regulatory and tax frameworks for the bond market.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/02/16264383/turkey-corporate-bond-market-development-priorities-challenges
dc.identifier.urihttps://hdl.handle.net/10986/12439
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNT RECEIVABLES
dc.subjectACCOUNTING
dc.subjectALTERNATIVE FUNDING
dc.subjectASSET MANAGEMENT
dc.subjectBALANCE SHEET
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK REGULATIONS
dc.subjectBANKING ASSETS
dc.subjectBANKING CRISIS
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK BONDS
dc.subjectBENCHMARK YIELD
dc.subjectBENCHMARK YIELD CURVE
dc.subjectBLUE CHIP
dc.subjectBOND HOLDERS
dc.subjectBROKER
dc.subjectBROKERAGE
dc.subjectBROKERAGE FIRMS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE INVESTMENT
dc.subjectCOMMERCIAL BANKING
dc.subjectCONSUMER CREDIT
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BOND MARKET
dc.subjectCORPORATE BOND MARKET DEVELOPMENT
dc.subjectCORPORATE BOND MARKETS
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE DEBT
dc.subjectCORPORATE MARKET
dc.subjectCREDIT RATING
dc.subjectCREDITORS
dc.subjectCURRENCY RISK
dc.subjectCURRENCY RISKS
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCUSTODY
dc.subjectDEBENTURES
dc.subjectDEBT
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT ISSUANCE
dc.subjectDEBT STOCK
dc.subjectDEPOSITS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE MARKETS
dc.subjectDERIVATIVES
dc.subjectDERIVATIVES EXCHANGE
dc.subjectDERIVATIVES MARKET
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT OF BOND MARKETS
dc.subjectDIVERSIFIED INVESTOR
dc.subjectDIVERSIFIED INVESTOR BASE
dc.subjectDOMESTIC BOND
dc.subjectDOMESTIC BOND MARKET
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC BORROWINGS
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC MARKET
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRIES
dc.subjectEMERGING MARKET DEBT
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXTERNAL BORROWING
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFIXED ASSETS
dc.subjectFIXED INCOME
dc.subjectFIXED RATE BONDS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFUND MANAGERS
dc.subjectFUTURES
dc.subjectGLOBAL BOND
dc.subjectGLOBAL BOND MARKETS
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND MARKET
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT SECURITIES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE INDUSTRY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISKS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEBT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL INTEREST
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL SETTLEMENT
dc.subjectINVESTABLE FUNDS
dc.subjectINVESTMENT BANKS
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT IN GOVERNMENT SECURITIES
dc.subjectINVESTOR BASE
dc.subjectINVESTOR BASES
dc.subjectINVESTOR CONFIDENCE
dc.subjectINVESTOR PROTECTION
dc.subjectINVESTORS IN GOVERNMENT SECURITIES
dc.subjectIPO
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIQUID BOND MARKET
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL BANK
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL MARKET
dc.subjectLONG-TERM FINANCE
dc.subjectMACROECONOMIC CONDITION
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMARK-TO-MARKET
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET DEEPENING
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET INFRASTRUCTURES
dc.subjectMARKET INTERMEDIARY
dc.subjectMARKET MAKING
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET REFORMS
dc.subjectMARKET SIZE
dc.subjectMARKET-MAKING
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMATURITY MISMATCH
dc.subjectMONETARY FUND
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND INDUSTRY
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL SAVING
dc.subjectOUTSTANDING DEBT
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION SYSTEM
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO MANAGEMENT
dc.subjectPRIMARY DEALERS
dc.subjectPRIMARY MARKET
dc.subjectPRIVATE DEBT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectREAL ESTATE INVESTMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY STRUCTURE
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETAIL INVESTOR
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS RATE
dc.subjectSAVINGS RATES
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKET TRADING
dc.subjectSECONDARY MARKETS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKETS
dc.subjectSMALL INVESTOR
dc.subjectSOVEREIGN BENCHMARK
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN DEBT MARKET
dc.subjectSOVEREIGN RATING
dc.subjectSOVEREIGN YIELD
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCKS
dc.subjectSUPERVISORY AUTHORITY
dc.subjectTAX
dc.subjectTAX FRAMEWORK
dc.subjectTAX FRAMEWORKS
dc.subjectTAX RATES
dc.subjectTAX SYSTEM
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTREASURY
dc.subjectTREATY
dc.subjectVALUE OF ASSETS
dc.subjectYIELD CURVE
dc.titleTurkey - Corporate Bond Market Development : Priorities and Challengesen
dspace.entity.typePublication
okr.date.disclosure2012-05-09
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2012/02/16264383/turkey-corporate-bond-market-development-priorities-challenges
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid123661468122365393
okr.identifier.externaldocumentum000333038_20120511001534
okr.identifier.internaldocumentum16264383
okr.identifier.report66711
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/11/000333038_20120511001534/Rendered/PDF/667110ESW0P1010IC0dicslosed05090120.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTurkiye
okr.sectorFinance :: General finance sector
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.volume1 of 1
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