An analysis of Turkish export financing system

Abstract

'î'heîre is an ever increasing competition in the world econom This makes it difficult for developing countries and even fo develooed countries to penetrate into new markets and or to increase oresent market shares. In conseouence. the need ■^meraes for official financial support to exporters. Turkev has started to offer export-finaneing bv extending credits.guar an tees and insurances for exporters "ather than givinci direct subsidies.These functions are carried out bv ttie· Turkish Eximbank. "he etficiencv of exoort-finaneing systems are oeino discussed even in countries where they have been already in use for many vedirs . -n '•.his oaoer, short-term efficiency of tne Turkish export~financirig s'vstem is evaluated, ¡.n order to evaluate ihe Long-term effects oi these procedures more time .¡.s reouired.