Other Financial Markets in Turkey

  • Yener Altunbaş
  • Alper Kara
  • Özlem Olgu
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


In previous chapters we have focused mainly on the changing trends in bank structure, regulation, liberalization, financial crises and IMF restructuring programmes, together with the efficiency and productivity level of the Turkish banking sector. However, other operating financial markets should also be considered in order to see a full picture of what happened in Turkey in recent decades. We therefore aim to examine and introduce readers to other financial markets operating in Turkey, and to review key statistics on financial activities in stock and bond markets in this chapter. It is organized as follows. First, there is a review of the operation of the Istanbul Stock Exchange (ISE). This section goes on to look at the initial public offerings (IPO) in the ISE, with some statistics. The structure, aim, participants and operations of bond markets in Turkey are reviewed in the following section, with an emphasis on primary and secondary market operations. Next, the chapter presents stylized figures on the activities of special finance institutions (SFIs) operating in Turkey, together with leasing, factoring and consumer finance companies. This is followed by the Conclusion.


Financial Market Total Asset Trading Volume Initial Public Offering Bond Market 
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Copyright information

© Yener Altunbaş, Alper Kara and Özlem Olgu 2009

Authors and Affiliations

  • Yener Altunbaş
    • 1
  • Alper Kara
    • 2
  • Özlem Olgu
    • 3
  1. 1.Business SchoolBangor UniversityWales, UK
  2. 2.The Business SchoolLoughborough UniversityLoughboroughUK
  3. 3.Koç UniversityIstanbulTurkey

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