The goal of this paper is to understand the effect of macroeconomic conditions on performance in Turkish banking. Turkey has experienced a series of financial distresses in the past three decades. This has served as a “negative externality” on banking performance despite important...

This paper explores the possibility that financial market development mitigates cyclical fluctuations in several developing countries. The paper uses the GARCH approach to account for the time-varying behavior of macroeconomic volatility, and distinguishes between overall and sectoral...

This study investigates empirically the role of financial deepening in the economic growth process in three ERF countries (Saudi Arabia, Turkey, and the UAE). Unlike most previous research, focus here is on the causal link between the two variables in order to discriminate between several...