International Conference on Eurasian Economies
11-13 June 2019 – Famagusta, Turkish Republic of Northern Cyprus
Paper properties
Paper ID : 2304
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Ph.D. candidate Ayşe Özge Artekin
Session : 4C Finans
Asset Management Companies and the Place in the Turkish Economy
Varlık Yönetim Şirketleri ve Türkiye Ekonomisindeki Yeri
- Ph.D. candidate Ayşe Özge Artekin (Selçuk University, Türkiye)
- Prof. Dr. Haldun Soydal (Selçuk University, Türkiye)
Abstract
With the crisis that started in our country in 2000s, those who owe the bank could not complete their payment obligations, the collection process was damaged and thus the number of problematic loans increased. However, as a result of structural deterioration, bank mergers were experienced, banks' capital was strengthened and many of them were seized by TMSF. This situation has created a distrust of the banking system. In order to change the negative perception, problematic loans which prevent the flow of funds should be solved. At this stage, Asset Management Company has become a need and started to operate in the financial markets of our country. The Asset Management Companies were established in the 1930s to solve the financial problems arising from the global economic crisis. Nowadays, these companies are formed according to the needs and shortcomings and become legal institutions which are effective in eliminating the negative effects of problem loans on banks. In this study; the effects of problem loans, solutions, the process of emergence of companies in the world and in our country, its importance, aims, types, positive and negative aspects of banks and credit customers are examined. As a method of the study, domestic and foreign literature has been utilized and as a result of the study, it has been concluded that this problem has a positive effect on credit customers and banking system upon the transfer of problem loans to asset management companies.
JEL codes:
Artekin, Ayşe Özge, Soydal, Haldun (2019). "Asset Management Companies and the Place in the Turkish Economy" in Proceedings of International Conference of Eurasian Economies 2019, pp.362-368, Famagusta, Turkish Republic of Northern Cyprus.
DOI: https://doi.org/10.36880/C11.02304
