Turkish banking crisis and the debt restructuring process: Istanbul approach

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dc.citation.epage129en_US
dc.citation.spage96en_US
dc.contributor.authorMetin-Özcan, Kıvılcımen_US
dc.contributor.authorŞimsek, K.en_US
dc.contributor.editorGazioğlu, Ş.
dc.date.accessioned2019-05-22T08:51:38Z
dc.date.available2019-05-22T08:51:38Z
dc.date.issued2005en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractTurkey experienced crises in November 2000 and February 2001, both due to the structural problems of the banking system and also international circumstances. Financial institutions were affected negatively while the real sector started having difficulty in paying debts. As a result, the balance sheets of some banks were deteriorated because of the soaring non-performing loans which inevitably required a solution. The remedy to the problem was the Istanbul Approach, a Financial Restructuring Program that was inspired by the London Approach and based on the experiences of Asian countries. The program was launched, even though it still suffers from the Jack of laws regarding bankruptcy and other related areas. However, once these changes take place, it is expected to be more efficient.
dc.identifier.isbn9781900998017
dc.identifier.urihttp://hdl.handle.net/11693/51466
dc.language.isoEnglishen_US
dc.publisherJ. Net Publishersen_US
dc.relation.ispartofEmerging markets in financial crisis: capital flows, savings, debt and banking reformen_US
dc.subjectTurkish banking crisis
dc.subjectDebt restructuring
dc.titleTurkish banking crisis and the debt restructuring process: Istanbul approachen_US
dc.typeBook Chapteren_US

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