Banking on Turkey

Barring a last-minute crisis, the Council of Ministers of the EU appears likely to invite Turkey to begin membership negotiations in 2005 after its summit meeting this December. The development of a robust and modern banking sector is essential for Turkey to ensure capital formation to create the ba...

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Bibliographic Details
Published inThe National interest no. 78; pp. 114 - 117
Main Author Nazli, H. Kaan
Format Magazine Article
LanguageEnglish
Published Washington The Nixon Center 22.12.2004
The National Interest, Inc
The National Interest Inc
Subjects
926110
928120
Analysis
Bank assets
Bank capital
Bank loans
Bank ownership
Banking
Banking crises
Banking reforms
Banking regulation
Business & Economics
Economic crisis
Economic integration
Economic Sectors
Economic stabilization
EU membership
European Union
Financial investments
Gross domestic product
International economic integration
Negotiations
Political activity
Political Integration
Politics
Sustainable banking
Turkey
Europe
Turkey
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Summary:Barring a last-minute crisis, the Council of Ministers of the EU appears likely to invite Turkey to begin membership negotiations in 2005 after its summit meeting this December. The development of a robust and modern banking sector is essential for Turkey to ensure capital formation to create the basis for sustainable financial stability and long-term economic growth--all necessary preconditions for Turkish membership in the EU.
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ISSN:0884-9382
1938-1573