Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81667
Authors: 
Baum, Christopher
Caglayan, Mustafa
Talavera, Oleksandr
Year of Publication: 
2009
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2009/5
Abstract: 
This paper analyzes the effects of parliamentary election cycles on the Turkish banking system. Using annual bank-level data representing all banks in Turkey during 1963–2005, we present evidence of meaningful differences in the structure of bank assets, liabilities and financial performance across different stages of the parliamentary election cycle. However, we find that government-owned banks’ behavior does not differ from either domestic or foreign-owned private sector banks before, during or after elections. Our estimates also show that government-owned banks underperform their domestic and foreign-owned private sector counterparts.
Subjects: 
Elections
state banks
domestic banks
foreign-owned banks
loans
interest rate margin
JEL: 
G21
G28
Document Type: 
Working Paper

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