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Int. J. Financial Stud. 2013, 1(4), 137-153; doi:10.3390/ijfs1040137
Article

Bank Regulation in Dollarized Economies: The Case of Turkey

1
, 2,* , 3
 and 4
Received: 16 September 2013; in revised form: 17 October 2013 / Accepted: 30 October 2013 / Published: 13 November 2013
(This article belongs to the Special Issue The Future of Banking Regulation and Financial Stability)
Download PDF [268 KB, uploaded 13 November 2013]
Abstract: Regulators in emerging markets are increasingly curtailing the practice of foreigncurrency lending. In such a move Turkish regulatory authorities banned foreign currencylending to households in 2009. This paper examines the evolution of financial dollarization inTurkey in the 2002–2009 period by looking the currency composition of loans and deposits inthe banking system and the macroeconomic developments. We find that the Turkish bankingsystem was unhedged against currency fluctuations and the regulators acted preemptively inbanning the practice.
Keywords: dollarization; banking regulation; Turkish banking system dollarization; banking regulation; Turkish banking system
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Rengifo, E.W.; Ozsoz, E.; Akinkunmi, M.A.; Court, E. Bank Regulation in Dollarized Economies: The Case of Turkey. Int. J. Financial Stud. 2013, 1, 137-153.

AMA Style

Rengifo EW, Ozsoz E, Akinkunmi MA, Court E. Bank Regulation in Dollarized Economies: The Case of Turkey. International Journal of Financial Studies. 2013; 1(4):137-153.

Chicago/Turabian Style

Rengifo, Erick W.; Ozsoz, Emre; Akinkunmi, Mustapha A.; Court, Eduardo. 2013. "Bank Regulation in Dollarized Economies: The Case of Turkey." Int. J. Financial Stud. 1, no. 4: 137-153.


Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert