Financial Sector Assessment : Turkey

Financial Sector Assessment : Turkey

The fundamental challenges confronting the Turkish financial system are to reduce dependence on external and foreign currency financing and to increase the maturity and diversity of funding instruments on which banks and firms depend. The long-standing shortfall of national savings to finance dom...

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Bibliographic Details
Main Authors: World Bank, International Monetary Fund
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
financial system
systemic risk
capital markets
financial inclusion
gender gap
banking reform
crisis management
AML-CFT
Islamic finance
Online Access:http://documents.worldbank.org/curated/en/420991486127108604/Turkey-Financial-Sector-Assessment
http://hdl.handle.net/10986/26017
id okr-10986-26017
recordtype oai_dc
spelling okr-10986-260172021-05-25T08:57:12Z Financial Sector Assessment : Turkey World Bank International Monetary Fund financial system systemic risk capital markets financial inclusion gender gap banking reform crisis management AML-CFT Islamic finance The fundamental challenges confronting the Turkish financial system are to reduce dependence on external and foreign currency financing and to increase the maturity and diversity of funding instruments on which banks and firms depend. The long-standing shortfall of national savings to finance domestic investment, persistent elevated inflation, and bouts of exchange rate volatility have boosted reliance on foreign currency financing from international capital markets and have also incentivized households and firms to place their own savings in short term deposits, as well as in foreign currency. These deep-seated challenges underpin current heightened financial stability risks from several potential sources -—tighter or more volatile global funding conditions, weaker euro area growth, geo-political tensions and loss of market confidence in domestic policies. Balance-sheet fragilities could amplify their impact. 2017-02-08T20:28:21Z 2017-02-08T20:28:21Z 2016-12 Report http://documents.worldbank.org/curated/en/420991486127108604/Turkey-Financial-Sector-Assessment http://hdl.handle.net/10986/26017 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Europe and Central Asia Turkey
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic financial system
systemic risk
capital markets
financial inclusion
gender gap
banking reform
crisis management
AML-CFT
Islamic finance
spellingShingle financial system
systemic risk
capital markets
financial inclusion
gender gap
banking reform
crisis management
AML-CFT
Islamic finance
World Bank
International Monetary Fund
Financial Sector Assessment : Turkey
geographic_facet Europe and Central Asia
Turkey
description The fundamental challenges confronting the Turkish financial system are to reduce dependence on external and foreign currency financing and to increase the maturity and diversity of funding instruments on which banks and firms depend. The long-standing shortfall of national savings to finance domestic investment, persistent elevated inflation, and bouts of exchange rate volatility have boosted reliance on foreign currency financing from international capital markets and have also incentivized households and firms to place their own savings in short term deposits, as well as in foreign currency. These deep-seated challenges underpin current heightened financial stability risks from several potential sources -—tighter or more volatile global funding conditions, weaker euro area growth, geo-political tensions and loss of market confidence in domestic policies. Balance-sheet fragilities could amplify their impact.
format Report
author World Bank
International Monetary Fund
author_facet World Bank
International Monetary Fund
author_sort World Bank
title Financial Sector Assessment : Turkey
title_short Financial Sector Assessment : Turkey
title_full Financial Sector Assessment : Turkey
title_fullStr Financial Sector Assessment : Turkey
title_full_unstemmed Financial Sector Assessment : Turkey
title_sort financial sector assessment : turkey
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/420991486127108604/Turkey-Financial-Sector-Assessment
http://hdl.handle.net/10986/26017
_version_ 1764460729292816384

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