Öz
Bu çalışma, 2001 krizi sonrası, Türk bankacılık sektöründe
finansal istikrarın gelişimi ile sistemdeki rekabet ilişkisini incelemektedir.
2003-2013 dönemi için bir finansal sağlamlık endeksi
hesaplanmış; ardından Panzar-Rosse (1987) modeli ile piyasa rekabeti
ölçülmüştür. Bankacılık sistemindeki yoğunlaşma ve yabancı
bankaların oranı kontrol değişkenler olarak analiz edilmiştir.
Analiz sonuçları, finansal istikrardaki artışın hem uzun hem kısa
dönemde rekabeti azaltıcı yönde etki ettiğini göstermektedir. Yabancı
bankaların uzun dönemli analizlerde finansal istikrarı arttırdığı;
yoğunlaşma oranlarının ise rekabete anlamlı etkide bulunduğu
dikkati çekmektedir.
Anahtar Kelimeler
Kaynakça
- Allen, F. ve Gale, D. 2000. Comparing Financial Systems. MIT Press, Cambridge, MA. Allen, F. ve Gale, D. 2004. Competition and Financial Stability. Journal of Money, Credit, and Banking, 36(3), 433-480. Aydınlı, İ. 1996. Türk Bankacılık Sistemi Piyasa Yapısı, 1991-1994, Ankara, SPK Yayınları, No: 40 Beck, T., Demirgüç-Kunt, A. ve Levine, R. 2006. Bank Concentration, Competition, and Crisis: First Results. Journal of Banking and Finance, 30(5), 1581-1603. Beck, T., Demirgüç-Kunt, A. Ve Levine, R. 2007. Bank Concentration and Fragility. Impact and Mechanics. Der: Carey, M. ve Stulz, R.M., The Risks of Financial Institutions. http://www.nber.org/chapters/c9610, Erişim Tarihi: 03.05.2014. Berger, A.N., Demsetz, R.S. ve Strahan, P.E. 1999. The Consolidation of the Financial Services Industry: Causes, Consequences and Implications for the Future. Journal of Banking and Finance, 23(2-4), 135-194. Berger, A.N. ve Hannan, T.H. 1989. The Price-Concentration Relationship in Banking. Review of Economics and Statistics, 71, 291-299. Berger, A.N. 1995. The Profit-Structure Relationship in Banking-Tests of Market Power and Efficient Structure Hypotheses. Journal of Money, Credit and Banking, 27, 404-431. Berger, A.N., L. Klapper and R. Turk-Ariss 2009. Bank Competition and Financial Stability. Journal of Financial Services Research, 35, 99-118. Bikker, J. A., Haaf, K. ve Bank, D. N. 2002. Competition , Concentration and Their Relationship : An Empirical Analysis of The Banking Industry. Journal of Banking and Finance, 26, 2191–2214. Bikker, J. A. ve Bos, J. W. B. 2008. Bank Performance: A Theoretical and Empirical Framework for the Analysis of Profitability, Competition and Efficiency. Routledge Taylor and Francis Group, New York.
Öz
This paper aims to analyze the evolution of financial stability
in Turkish Banking Sector following the 2001 crisis and the impact
of competition. A financial stability index is calculated for the period
between 2003&2013 and competition is measured using Panzar-
Rosse (1987) model. The market concentration and the share
of foreign banks are also analyzed as determinants of financial
stability. According to the results, change in financial stability has
a deteriorating effect on the competition. Moreover, share of foreign
banks increase financial stability and concentration ratios are
found to have a statistically significant effect on the competition.
Anahtar Kelimeler
Kaynakça
- Allen, F. ve Gale, D. 2000. Comparing Financial Systems. MIT Press, Cambridge, MA. Allen, F. ve Gale, D. 2004. Competition and Financial Stability. Journal of Money, Credit, and Banking, 36(3), 433-480. Aydınlı, İ. 1996. Türk Bankacılık Sistemi Piyasa Yapısı, 1991-1994, Ankara, SPK Yayınları, No: 40 Beck, T., Demirgüç-Kunt, A. ve Levine, R. 2006. Bank Concentration, Competition, and Crisis: First Results. Journal of Banking and Finance, 30(5), 1581-1603. Beck, T., Demirgüç-Kunt, A. Ve Levine, R. 2007. Bank Concentration and Fragility. Impact and Mechanics. Der: Carey, M. ve Stulz, R.M., The Risks of Financial Institutions. http://www.nber.org/chapters/c9610, Erişim Tarihi: 03.05.2014. Berger, A.N., Demsetz, R.S. ve Strahan, P.E. 1999. The Consolidation of the Financial Services Industry: Causes, Consequences and Implications for the Future. Journal of Banking and Finance, 23(2-4), 135-194. Berger, A.N. ve Hannan, T.H. 1989. The Price-Concentration Relationship in Banking. Review of Economics and Statistics, 71, 291-299. Berger, A.N. 1995. The Profit-Structure Relationship in Banking-Tests of Market Power and Efficient Structure Hypotheses. Journal of Money, Credit and Banking, 27, 404-431. Berger, A.N., L. Klapper and R. Turk-Ariss 2009. Bank Competition and Financial Stability. Journal of Financial Services Research, 35, 99-118. Bikker, J. A., Haaf, K. ve Bank, D. N. 2002. Competition , Concentration and Their Relationship : An Empirical Analysis of The Banking Industry. Journal of Banking and Finance, 26, 2191–2214. Bikker, J. A. ve Bos, J. W. B. 2008. Bank Performance: A Theoretical and Empirical Framework for the Analysis of Profitability, Competition and Efficiency. Routledge Taylor and Francis Group, New York.
Ayrıntılar
| Bölüm | Makaleler |
|---|---|
| Yazarlar | |
| Yayımlanma Tarihi | 30 Nisan 2015 |
| Gönderilme Tarihi | 23 Nisan 2017 |
| Yayımlandığı Sayı | Yıl 2015 Sayı: 103 |
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Dergi özellikle maliye, finans ve bankacılık alanlarında faaliyet göstermektedir.