Türk bankacılık ve regülasyonu: Bankacılık Denetleme ve Düzenleme Kurulu (BDDK) temelli politik ekonomik bir analiz

Turkish banking system has undergone significant changes from 1999 onwards. Namely, institutional structure and existent arrangements/ rules for banking regulation and supervision were restructured, leading to the creation of a single regulator and supervisor for the entire financial sector, i.e. the Banking Regulatory and Supervisory Agency (the BRSA). As a within-case study, this thesis investigates this process in Turkey as it is an area of intense IMF and EU activity, with a greater potential more than ever given the recent financial volatilities all around the world. The BRSA has been the focal point of the research with its establishment process and its performance in due course on the basis of two dimensions: a) its impact on the sector it regulates in terms of the sector?s quantitative outlook, b) its capacity to balance and/or situate itself against a number of actors with conflicting goals, which will affect the sector?s qualitative performance. On the whole, it is argued that while international factors, which are operationalized through the IMF conditionality, have been the external stimuli for `better regulation?, they have been mediated by Turkish dynamics as well. In this regard, the structures of national political and banking systems are viewed as the independent variables that have restricted the reform process and its outcomes. Finally, the micro-institutional level is integrated into the analysis and institutional outlook/profile of the BRSA is proposed to make a difference, acting as the intervening variable, by affecting the change in the negative sense.