FINANCIAL INTERVENTIONS
This book presents evidences on how the financial
interventions
have effects on the balance sheets of banks in the
Turkey and
therefore, on the economy, during 'normal' times and
during crises. As happened in the financial crisis of
2001 in Turkey,
the effects of the Global Crisis of 2008 spread out
from US economy
on Turkish economy has been implying that financial
interventions
results from the desire to prevent banking and
financial crises so
that the worst business cycle contractions can be
avoided. Thus,
chapter one discusses the bases of the
interventionist framework
initiated by the Turkish government. Chapter two
draws an attention
to how the banking sector has been shaped by the
financial
interventions initiated by the government. Chapter
three explores
bank capital channel, regulatory effects, and
riskiness in the TBS,
and last one deals with the issue of crowding out,
interest and
exchange rate shocks, and bank lending in Turkey. The
book should
help shed some light on understanding of the issues
of the
operation of banking system, monetary theory and policy
application. It should be especially useful to
professionals in
economics and finance fields.