[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/ris/buecrj/0075.html
   My bibliography  Save this article

Repo and Reverse Repo Regulations in Turkey: Emergence of Regulations After 1982 Banking Crisis and Policy Suggestions in the Light of Financial Failure Lessons

Author

Listed:
  • Coskun, Yener

    (Ankara University)

Abstract
Repo transactions provide cash/securities management opportunities for financial intermediaries and investors. Repos are the most important financial instrument in Istanbul Stock Exchange in terms of transaction volume. Banker Crisis (1982) and Banking Crisis (1994), occured in Turkey, and also global financial crisis have showed that repo markets are of great importance in terms of systemic risk/financial crisis management. Methodology of the study is based on literature review, data and case study analysis. In this paper, we aim to define inefficiencies of Turkish repo markets to develop policy suggestions in the light of early liberal era experience of Turkey and also financial failure lessons. In this context, we conclude three suggestions for policy makers. First, regulatory/supervisory structure of repo transactions should be cooperatively re-designed by the relevant governmental authorities. Second, acceptable repo collateral list may involve new collateral categories such as equities, eurobond, letter of guaranty and warrants. And finally, OTC repo transactions should regulate from the perspective of risk management.

Suggested Citation

  • Coskun, Yener, 2012. "Repo and Reverse Repo Regulations in Turkey: Emergence of Regulations After 1982 Banking Crisis and Policy Suggestions in the Light of Financial Failure Lessons," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 3(1), pages 1-59, January.
    • Handle: RePEc:ris:buecrj:0075
    as

    Download full text from publisher

    File URL: http://www.berjournal.com/repo-and-reverse-repo-regulations-in-turkey-emergence-of-regulations-after-1982-banking-crisis-and-policy-suggestions-in-the-light-of-financial-failure-lessons
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Repo and Reverse Repo; 1982 Banking Crisis; OTC Transactions; Equity Repo; Collateral Management;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:buecrj:0075. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adem Anbar (email available below). General contact details of provider: https://edirc.repec.org/data/iiulutr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.