Financials Sector Intraday Volatility Characteristics in the Emerging Turkish Economy

Eurasian Economic Review, 8.2, 215-229, (2018)

Posted: 3 Feb 2020

Date Written: 2018

Abstract

The Financials sector in the Turkish economy has grown at a tremendous rate over the last 35 years. The liberalization and the opening of the economy to international and foreign investors in the 1990s, and the overhaul of the structure of the Turkish banking system with numerous reforms after the economic crisis in the beginning of the 2000s have strengthened the sector. The purpose of this study is to examine the volatility characteristics of the sector in recent years. Using intraday data, the efficiency of the Financials Sector and the five sub-sectors: Banking, Insurance, Financial Factoring, Investments, Real Estate are examined. The impacts of global, regional, and domestic events are analyzed. Public policy decisions of financial regulators to accommodate the changing economic and political conditions are investigated, as is the efficacy of such decisions.

Keywords: Market microstructure, Accentuated volatility, Market efficiency, Emerging markets, Financials sector

JEL Classification: G14, D40

Suggested Citation

Inci, Ahmet Can, Financials Sector Intraday Volatility Characteristics in the Emerging Turkish Economy (2018). Eurasian Economic Review, 8.2, 215-229, (2018). Available at SSRN: https://ssrn.com/abstract=3516783

Ahmet Can Inci (Contact Author)

Bryant University ( email )

1150 Douglas Pike
Smithfield, RI 02917
United States

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