Publication:
Non-bank Financial Institutions and Capital Markets in Turkey

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-19T17:10:12Z
dc.date.available2013-08-19T17:10:12Z
dc.date.issued2003-04
dc.description.abstractThis study analyses the state of development, and prospects of future growth of Turkish non-bank financial institutions, and capital markets. Currently, credit markets in Turkey are dominated by banking, and capital markets are dominated by Government securities. Longstanding macro-economic instability, and inflation have discouraged investment in financial assets, and crowded out funding for the private sector. The resulting lack of depth, and breadth has made the financial sector vulnerable to shocks, resulting in repeated crises, and, has reduced its intermediation efficiency. To enhance the financial sector's capacity to support private sector development, and economic growth, and to reduce its vulnerability to shocks, non-bank sources of finance should be developed. The report identifies the key policy issues that should be addressed for this purpose. The discussion, and policy recommendations are structured around the following leading themes: a) mobilizing savings; b) building an institutional investor base, comprising insurance companies, private pension funds, and mutual funds; c) developing equity, debt, and derivative markets; d) developing leasing, factoring, and venture capital companies; and, e) strengthening confidence in financial markets through improved corporate governance, accounting and auditing standards, and practices, and, financial sector regulation, and supervision.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/04/2360799/non-bank-financial-institutions-capital-markets-turkey
dc.identifier.doi10.1596/0-8213-5527-9
dc.identifier.isbn0-8213-5527-9
dc.identifier.urihttps://hdl.handle.net/10986/15162
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesWorld Bank Country Study;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectCAPITAL MARKETS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINVESTOR CONFIDENCE
dc.subjectINVESTMENT ENVIRONMENT
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL SERVICES
dc.subjectPRIVATE SECTOR FINANCING
dc.subjectSTRUCTURAL REFORMS
dc.subjectFINANCIAL SYSTEMS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA GNP
dc.subjectSAVINGS PROMOTION
dc.subjectRESOURCES MOBILIZATION
dc.subjectTAX POLICY
dc.subjectTAX SYSTEM REVIEWS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectBANKING SYSTEMS
dc.subjectINSTITUTION BUILDING
dc.subjectINSURANCE INDUSTRY
dc.subjectPRIVATE PENSION FUNDS
dc.subjectMUTUAL FUND RATING
dc.subjectEQUITY FINANCE
dc.subjectDEBT FINANCING
dc.subjectDERIVATIVES
dc.subjectVENTURE CAPITAL
dc.subjectCORPORATE GOVERNANCE
dc.subjectACCOUNTING STANDARDS
dc.subjectAUDITING
dc.subjectREGULATORY FRAMEWORK
dc.subjectHOLDING COMPANIES
dc.subjectRISK MANAGEMENT ACCOUNTING
dc.subjectACCOUNTING PRINCIPLES
dc.subjectANNUITIES
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectBANK ACCOUNTS
dc.subjectBANK DEPOSITS
dc.subjectBANK REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBOND MARKETS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCLEARING HOUSE
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCONTRACTUAL SAVINGS INSTITUTIONS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCPI
dc.subjectCREDIT MARKETS
dc.subjectDEBT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectDERIVATIVE MARKETS
dc.subjectDERIVATIVES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC STABILITY
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEQUITY MARKETS
dc.subjectEXPORT INSURANCE
dc.subjectFACTORING
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONGLOMERATES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED ASSET
dc.subjectFUTURES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGNP
dc.subjectGOVERNMENT SECURITIES
dc.subjectINCOME
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFORMATION DISCLOSURE
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE SUPERVISION
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectIPO
dc.subjectIPOS
dc.subjectLEGISLATION
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIQUIDITY
dc.subjectMERGERS
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUNDS
dc.subjectPENSION FUNDS
dc.subjectPENSION SCHEMES
dc.subjectPER CAPITA INCOME
dc.subjectPRIVATE PENSION FUNDS
dc.subjectPRIVATIZATION
dc.subjectREAL SECTOR
dc.subjectREINSURANCE
dc.subjectREINSURANCE COMPANIES
dc.subjectRISK MANAGEMENT
dc.subjectRISK SHARING
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSECURITIES TRADING
dc.subjectSELF REGULATION
dc.subjectSUPERVISORY AGENCIES
dc.subjectTAXATION
dc.subjectTRADING SYSTEMS
dc.subjectTRANSPARENCY
dc.subjectVALUE ADDED
dc.subjectVENTURE CAPITAL
dc.subjectWEALTH
dc.subjectWORKING CAPITAL
dc.titleNon-bank Financial Institutions and Capital Markets in Turkeyen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2003/04/2360799/non-bank-financial-institutions-capital-markets-turkey
okr.globalpracticeFinance and Markets
okr.guid877491468781785788
okr.identifier.doi10.1596/0-8213-5527-9
okr.identifier.externaldocumentum000094946_0305280402519
okr.identifier.internaldocumentum2360799
okr.identifier.report25954
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/06/06/000094946_0305280402519/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTurkiye
okr.sectorFinance :: Banking
okr.sectorFinance :: Housing finance and real estate markets
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.sectorFinance :: Payment systems, securities clearance and settlement
okr.sectorFinance :: Capital markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicEnvironmental Economics and Policies
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.volume1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
multi0page.pdf
Size:
10.17 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
multi0page.txt
Size:
544.21 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
World Bank Country Studies