Financial Sector Assessment : Turkey

World Bank ; International Monetary Fund

World Bank, Washington, DC

关键词: financial system;    systemic risk;    capital markets;    financial inclusion;    gender gap;   

RP-ID  :  112554

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The fundamental challenges confronting the Turkish financial system are to reducedependence on external and foreign currency financing and to increase the maturity anddiversity of funding instruments on which banks and firms depend. The long-standingshortfall of national savings to finance domestic investment, persistent elevated inflation, and bouts of exchange rate volatility have boosted reliance on foreign currency financing from international capital markets and have also incentivized households and firms to place their own savings in short term deposits, as well as in foreign currency. These deep-seated challenges underpin current heightened financial stability risks from several potential sources -—tighter or more volatile global funding conditions, weaker euro area growth, geo-political tensions and loss of market confidence in domestic policies. Balance-sheet fragilities could amplify their impact.