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

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dc.contributor.author World Bank
dc.date.accessioned 2013-02-20T21:51:11Z
dc.date.available 2013-02-20T21:51:11Z
dc.date.issued 2012-02
dc.description.abstract The 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.identifier http://documents.worldbank.org/curated/en/2012/02/16264383/turkey-corporate-bond-market-development-priorities-challenges
dc.identifier.uri http://hdl.handle.net/10986/12439
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNT RECEIVABLES
dc.subject ACCOUNTING
dc.subject ALTERNATIVE FUNDING
dc.subject ASSET MANAGEMENT
dc.subject BALANCE SHEET
dc.subject BANK CREDIT
dc.subject BANK FINANCING
dc.subject BANK LENDING
dc.subject BANK LOANS
dc.subject BANK REGULATIONS
dc.subject BANKING ASSETS
dc.subject BANKING CRISIS
dc.subject BANKING REGULATION
dc.subject BANKING SECTOR
dc.subject BANKING SYSTEM
dc.subject BANKING SYSTEMS
dc.subject BANKRUPTCY
dc.subject BENCHMARK BONDS
dc.subject BENCHMARK YIELD
dc.subject BENCHMARK YIELD CURVE
dc.subject BLUE CHIP
dc.subject BOND HOLDERS
dc.subject BROKER
dc.subject BROKERAGE
dc.subject BROKERAGE FIRMS
dc.subject CAPITAL ADEQUACY
dc.subject CAPITAL GAINS
dc.subject CAPITAL INFLOWS
dc.subject CAPITAL INVESTMENT
dc.subject CAPITAL MARKET
dc.subject CAPITAL MARKETS
dc.subject CENTRAL BANK
dc.subject COLLATERAL
dc.subject COLLECTIVE INVESTMENT
dc.subject COMMERCIAL BANKING
dc.subject CONSUMER CREDIT
dc.subject CORPORATE BOND
dc.subject CORPORATE BOND MARKET
dc.subject CORPORATE BOND MARKET DEVELOPMENT
dc.subject CORPORATE BOND MARKETS
dc.subject CORPORATE BONDS
dc.subject CORPORATE DEBT
dc.subject CORPORATE MARKET
dc.subject CREDIT RATING
dc.subject CREDITORS
dc.subject CURRENCY RISK
dc.subject CURRENCY RISKS
dc.subject CURRENT ACCOUNT DEFICIT
dc.subject CUSTODY
dc.subject DEBENTURES
dc.subject DEBT
dc.subject DEBT INSTRUMENTS
dc.subject DEBT ISSUANCE
dc.subject DEBT STOCK
dc.subject DEPOSITS
dc.subject DERIVATIVE
dc.subject DERIVATIVE MARKETS
dc.subject DERIVATIVES
dc.subject DERIVATIVES EXCHANGE
dc.subject DERIVATIVES MARKET
dc.subject DEVELOPMENT BANK
dc.subject DEVELOPMENT OF BOND MARKETS
dc.subject DIVERSIFIED INVESTOR
dc.subject DIVERSIFIED INVESTOR BASE
dc.subject DOMESTIC BOND
dc.subject DOMESTIC BOND MARKET
dc.subject DOMESTIC BORROWING
dc.subject DOMESTIC BORROWINGS
dc.subject DOMESTIC CURRENCY
dc.subject DOMESTIC DEBT
dc.subject DOMESTIC INTEREST RATES
dc.subject DOMESTIC MARKET
dc.subject EMERGING MARKET
dc.subject EMERGING MARKET COUNTRIES
dc.subject EMERGING MARKET DEBT
dc.subject EQUITY MARKET
dc.subject EXCHANGE RATE
dc.subject EXCHANGE RATE MOVEMENTS
dc.subject EXTERNAL BORROWING
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL DISTRESS
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL MARKET
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL SECTOR DEVELOPMENT
dc.subject FINANCIAL STATEMENTS
dc.subject FINANCIAL SYSTEM
dc.subject FISCAL DEFICIT
dc.subject FIXED ASSETS
dc.subject FIXED INCOME
dc.subject FIXED RATE BONDS
dc.subject FOREIGN CURRENCY
dc.subject FOREIGN CURRENCY DEBT
dc.subject FOREIGN EXCHANGE
dc.subject FOREIGN INVESTMENT
dc.subject FOREIGN INVESTORS
dc.subject FUND MANAGERS
dc.subject FUTURES
dc.subject GLOBAL BOND
dc.subject GLOBAL BOND MARKETS
dc.subject GOVERNMENT BOND
dc.subject GOVERNMENT BOND MARKET
dc.subject GOVERNMENT BONDS
dc.subject GOVERNMENT DEBT
dc.subject GOVERNMENT DEBT SECURITIES
dc.subject GOVERNMENT SECURITIES
dc.subject GROSS DOMESTIC PRODUCT
dc.subject HOLDING
dc.subject INFLATION
dc.subject INFLATION RATE
dc.subject INITIAL PUBLIC OFFERING
dc.subject INSTITUTIONAL INVESTORS
dc.subject INSTRUMENT
dc.subject INSURANCE
dc.subject INSURANCE COMPANIES
dc.subject INSURANCE INDUSTRY
dc.subject INTEREST RATE
dc.subject INTEREST RATE RISKS
dc.subject INTEREST RATES
dc.subject INTERNATIONAL DEBT
dc.subject INTERNATIONAL FINANCE
dc.subject INTERNATIONAL INTEREST
dc.subject INTERNATIONAL MARKETS
dc.subject INTERNATIONAL SETTLEMENT
dc.subject INVESTABLE FUNDS
dc.subject INVESTMENT BANKS
dc.subject INVESTMENT CLIMATE
dc.subject INVESTMENT IN GOVERNMENT SECURITIES
dc.subject INVESTOR BASE
dc.subject INVESTOR BASES
dc.subject INVESTOR CONFIDENCE
dc.subject INVESTOR PROTECTION
dc.subject INVESTORS IN GOVERNMENT SECURITIES
dc.subject IPO
dc.subject LEVEL PLAYING FIELD
dc.subject LIQUID BOND MARKET
dc.subject LIQUIDITY
dc.subject LOAN
dc.subject LOCAL BANK
dc.subject LOCAL CURRENCY
dc.subject LOCAL MARKET
dc.subject LONG-TERM FINANCE
dc.subject MACROECONOMIC CONDITION
dc.subject MACROECONOMIC CONDITIONS
dc.subject MACROECONOMIC INSTABILITY
dc.subject MARK-TO-MARKET
dc.subject MARKET CAPITALIZATION
dc.subject MARKET DEEPENING
dc.subject MARKET INFRASTRUCTURE
dc.subject MARKET INFRASTRUCTURES
dc.subject MARKET INTERMEDIARY
dc.subject MARKET MAKING
dc.subject MARKET PARTICIPANTS
dc.subject MARKET REFORMS
dc.subject MARKET SIZE
dc.subject MARKET-MAKING
dc.subject MATURITIES
dc.subject MATURITY
dc.subject MATURITY MISMATCH
dc.subject MONETARY FUND
dc.subject MUTUAL FUND
dc.subject MUTUAL FUND INDUSTRY
dc.subject MUTUAL FUNDS
dc.subject NATIONAL SAVING
dc.subject OUTSTANDING DEBT
dc.subject PENSION
dc.subject PENSION FUND
dc.subject PENSION FUNDS
dc.subject PENSION SYSTEM
dc.subject PORTFOLIO
dc.subject PORTFOLIO MANAGEMENT
dc.subject PRIMARY DEALERS
dc.subject PRIMARY MARKET
dc.subject PRIVATE DEBT
dc.subject PUBLIC DEBT
dc.subject PUBLIC DEBT MANAGEMENT
dc.subject REAL ESTATE INVESTMENT
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY FRAMEWORKS
dc.subject REGULATORY STRUCTURE
dc.subject RESERVE
dc.subject RESERVE REQUIREMENTS
dc.subject RETAIL INVESTOR
dc.subject RETURNS
dc.subject RISK MANAGEMENT
dc.subject SAVINGS RATE
dc.subject SAVINGS RATES
dc.subject SECONDARY MARKET
dc.subject SECONDARY MARKET TRADING
dc.subject SECONDARY MARKETS
dc.subject SECURITIES
dc.subject SECURITIES MARKET
dc.subject SECURITIES MARKETS
dc.subject SMALL INVESTOR
dc.subject SOVEREIGN BENCHMARK
dc.subject SOVEREIGN DEBT
dc.subject SOVEREIGN DEBT MARKET
dc.subject SOVEREIGN RATING
dc.subject SOVEREIGN YIELD
dc.subject STOCK EXCHANGE
dc.subject STOCK MARKET
dc.subject STOCKS
dc.subject SUPERVISORY AUTHORITY
dc.subject TAX
dc.subject TAX FRAMEWORK
dc.subject TAX FRAMEWORKS
dc.subject TAX RATES
dc.subject TAX SYSTEM
dc.subject TRADING
dc.subject TRANSACTION
dc.subject TRANSACTION COSTS
dc.subject TREASURY
dc.subject TREATY
dc.subject VALUE OF ASSETS
dc.subject YIELD CURVE
dc.title Turkey - Corporate Bond Market Development : Priorities and Challenges en
dspace.entity.type Publication
okr.date.disclosure 2012-05-09
okr.doctype Economic & Sector Work :: Other Financial Sector Study
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2012/02/16264383/turkey-corporate-bond-market-development-priorities-challenges
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000333038_20120511001534
okr.identifier.internaldocumentum 16264383
okr.identifier.report 66711
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/11/000333038_20120511001534/Rendered/PDF/667110ESW0P1010IC0dicslosed05090120.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Turkiye
okr.sector Finance :: General finance sector
okr.topic Finance and Financial Sector Development :: Mutual Funds
okr.topic Finance and Financial Sector Development :: Deposit Insurance
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Private Sector Development :: Emerging Markets
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.unit Private/Financial Sectors Devt (ECSPF)
okr.volume 1 of 1
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