Structural analysis of the financial sector in emerging economies

Emerging economies consist of developing countries where rapid economic growth has been observed in recent years. Emerging economies that opened outwards with the effects of globalization attracted developed countries with their market volume and abundance of raw materials and took their place in the world market. Investors have turned to emerging economy markets in order to divide their risks and to generate more profits compared to developed markets. In these new markets, the investment habits of investors who want to make more profit are affected by the fluctuations in the economies of these countries. In addition, since these economies have a very fragile structure, they are also extremely sensitive to the sudden exit and entry of investors from the market. Fluctuations in emerging economies create a global impact with liberalization. The aim of this study is to develop the financial sectors of four countries (Brazil, China, India, Russia) and Turkey (BRIC-T) selected among emerging economies in the Emerging Markets Index published by Morgan Stanley Capital International (MSCI) in the 2007-2020 period is to analyze. While analyzing, banking sector indicators, insurance sector indicators and capital market indicators were examined. For this purpose, in the first part of the study, information is given about the financial system and financial markets. In the second part, emerging economies, classification of emerging economies and basic characteristics of selected emerging economies are discussed. In the third part, the development of the financial sector is interpreted by making banking, insurance and capital market analysis of selected emerging economies. Keywords: Emerging Economies, Finance, Bank, Insurance, Capital Markets