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

Bank Regulation in Dollarized Economies: The Case of Turkey

1
Center for International Policy Studies, Economics Department, Fordham University, 441 E. Fordham Rd., Bronx, NY 10458, USA
2
Social Studies Department, School of Liberal Arts, SUNY-FIT, 227 W 27th Street, NY 10001, USA
3
Brickfield Road Associates, 8 Onikoyi Street, Parkview Estate, Ikoyi, Lagos 101233 , Nigeria
4
Centrum Cat´olica, Daniel Aloma Robles 125, Los Alamos de Monterrico Surco, Lima 33, Peru
*
Author to whom correspondence should be addressed.
Received: 16 September 2013 / Revised: 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)
View Full-Text   |   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 (CC BY 3.0).

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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.

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