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2014 | OriginalPaper | Buchkapitel

6. Political Instability and Turkish Banking Since the Ottoman Empire: A Historical Overview

verfasst von : Ozlem Olgu

Erschienen in: Globalization of Financial Institutions

Verlag: Springer International Publishing

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Abstract

The Ottoman economic mind was closely related to the basic concepts of state and society in the Middle East in which the ultimate goal of a state was consolidation and extension of the ruler’s power. By developing commercial centers and routes, the state performed basic economic functions in the empire. In 1923, Turkey underwent a great transformation in terms of religion, social, and cultural bases of Turkish society as well as its political and economic structure with its announcement as a republic with Ataturk being its first president over 14 years. This chapter discusses the changing structure of the economy, financial system and banking sector since the Ottoman Empire up until today’s Modern Turkey. It provides the reader with an overview of political instability, financial crises experienced in the country and what has changed in the banking sector over the past 700 years.

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Vorheriges Kapitel The Globalization of the 2008–2009 Financial Crisis

Nächstes Kapitel Impact of Augmented FDI on Efficiency of Turkish banks: Better or Worse?

The Crimean war was a conflict between the Russian Empire and alliance of the French Empire, the British Empire, the Ottoman Empire and the Kingdom of Sardinia.

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This bank subsequently changed its name to Türkiye Sanayii ve Kredi Bankasi.

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It is an American program to provide monetary support to Europe in rebuilding their economies after the World War II. See, http://www.marshallfoundation.org/library/doc_marshall_plan_speech.html for details.

See, Denizer (1997) for more information on the effects of financial liberalization in Turkey.

Later on named Midland Bank Inc.

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Titel: Political Instability and Turkish Banking Since the Ottoman Empire: A Historical Overview
verfasst von: Ozlem Olgu
Verlag: Springer International Publishing
Buch: Globalization of Financial Institutions
Print ISBN: 978-3-319-01124-0

Electronic ISBN: 978-3-319-01125-7

Copyright-Jahr: 2014
DOI: https://doi.org/10.1007/978-3-319-01125-7_6