Competition and Collusion in the Turkish Banking Industry

Competition and Collusion in the Turkish Banking Industry

I consider the Turkish banking industry, which is dominated by a few large banks, and taking up a conjectural variation approach, I estimate a structural model to examine the market conduct of the largest banks for the period 1988-2009. The estimation results suggest that Turkish banks colluded in t...

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Bibliographic Details
Published in:Emerging markets finance & trade Vol. 49; no. sup5; pp. 31 - 40
Main Author: Aydemir, Resul
Format: Journal Article
Language:English
Published: Abingdon Routledge 01-11-2013
M.E. Sharpe, Inc
Taylor & Francis Ltd
Subjects:
Bank loans
Banking
Banking industry
Collusion
Competition
Competition between banks
Conflict
conjectural variation
Economic models
Industry
Loans
market structure
Markets
Regulation
Regulatory agencies
Studies
Turkish banking
Turkey
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Summary:I consider the Turkish banking industry, which is dominated by a few large banks, and taking up a conjectural variation approach, I estimate a structural model to examine the market conduct of the largest banks for the period 1988-2009. The estimation results suggest that Turkish banks colluded in the loan market during the sample period. This evidence demonstrates that there is a conflict between market concentration and competition in the Turkish banking industry. Thus, in order to protect competition, regulatory agencies should be cautious of efforts that may increase concentration in the banking industry.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:1540-496X
1558-0938
DOI:10.2753/REE1540-496X4905S502