Ponzi finance is a type of financial fraud based on the principle of continuous fund rasing arising from the newcomers to the system. Ponzi scheme is inherently but necessarily tend to financial failure/bankruptcy. In Turkey, there were at least three well known ponzi schemes after 1980's. Those...

The idea of development of capital markets and hence securities firms had resurfaced after 1980's in Turkey, the latest and probably the final liberal period of Turkish economy. First regulations on securities firm business appeared after Banking Crisis of 1982 (or Banker Crisis). The number of...

Capital markets working in confidence with sufficient diversity of financial instruments make positive contributions to private sector financing opportunities and financial depth in the markets. It is observed in the Turkish economy that capital market finance broadly depends on IPO market...

Real estate is one of the foremost and traditional investments for Turkish household. In addition to this traditional demand, it has also observed that Turkish real estate market becomes one of the popular investment destination for foreign investors. 2003-2007 period would be accepted as the...

The Turkish real estate market has shown noticeable developments in recent years due to various reasons. In this article, we are attempting to define the pros and cons of the Turkish real estate market. We are also questioning whether the deficiencies may decrease the potential value of the...

First regulations of securities firms were going back to Banking Crisis emerging at early 1980's. The number of securities firms in Turkey were booming in the late 1980's and early 1990's but the sector has been shrinking as a trend in terms of number of the securities firms nearly more than a...

It has been observed that the global financial crisis has had destructive impacts for both developed and developing countries. In this context, it seems that Turkey is positively decoupling from other countries due to a limited negative impact of the global financial crisis on its financial and...

In the process of global financial crisis, short sale transactions were banned at the countries having a developed capital markets to protect consumers and financial system. The U.S. Securities and Exchange Commission and U.K. Financial Services Authority were the leading regulators adopted such...

After emerging from the U.S. housing, finance and eventually real sectors, financial crisis has gradually become global. Although problems of structured finance are not new, primary and secondary mortgage market problems in U.S. are essential reasons of the current crisis. In this context,...

Housing is one of the major socio-economic problems in Turkey. High intensivity of spontaneous settlements (gecekondu), nearly 40 % in urban area, would be accepted as the sufficient criterion for the level of the housing question in Turkey. Additionally there are important quality problems in...