A Comparison of Financial Robustness in the United States and Turkey During 2007–2010

Erdogan, Oral; Bennett, Paul B.

doi:10.2139/ssrn.3546754

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A Comparison of Financial Robustness in the United States and Turkey During 2007–2010

"The Impact of the Global Financial Crisis on Emerging Financial Markets", Contemporary Studies in Economic and Financial Analysis 93, edited by Jonathan Batten, Peter G. Szilagyi, Emerald Publishing, 2011.

17 Pages Posted: 7 Apr 2020

See all articles by Oral Erdogan

Oral Erdogan

Piri Reis University

Paul B. Bennett

Fordham University Business School

Date Written: March 1, 2011

Abstract

This study aims to explain that more conservative and supervised but supported banking system can be an advantage during the crises periods. We use the US banking system as the origin of the recent collapse, and the Turkish banking as the more profitable one during the recent crisis years. We have found evidence that, in the context of the specific type of externally initiated yet spreading crisis of confidence and funding that affected world institutions, the structure of the Turkish banks actually turned out to protect the Turkish financial system.

Keywords: monetary policy, bank capital, financial crisis, USA, Turkey

JEL Classification: G21, G28, E52, E61

Suggested Citation: Suggested Citation

Erdogan, Oral and Bennett, Paul B., A Comparison of Financial Robustness in the United States and Turkey During 2007–2010 (March 1, 2011). "The Impact of the Global Financial Crisis on Emerging Financial Markets", Contemporary Studies in Economic and Financial Analysis 93, edited by Jonathan Batten, Peter G. Szilagyi, Emerald Publishing, 2011., Available at SSRN: https://ssrn.com/abstract=3546754 or http://dx.doi.org/10.2139/ssrn.3546754