SavedAdd your journal

Journals / Finans Ekonomi ve Sosyal Araştırmalar Dergisi / 2017 / Cilt: 2 - Sayı: 4

Financial Innovations In Turkish Banking Sector And Literature Review

Çağatay Başarır
Ahmed Yusuf SARIHAN
Pages
221–230
Publication Date
2017-12-28
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Innovation is a double-edged sword: the right kind of innovation and favorable conditions that may spur banks to invest in new technologies would help the financial system fulfil its functions and, as a consequence, deliver growth; but too much innovation or innovation that is not properly used, can have serious consequences for the overall economy.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Recent innovations in the banking sector, which constitute the basis of the financial markets of the country’s economy in the present day, have been theoretically examined in the study.
📊
Key Findings & Data:Innovation mainly refers to innovations made in the related sector.
💡
Conclusion & Impact:Innovation is a double-edged sword: the right kind of innovation and favorable conditions that may spur banks to invest in new technologies would help the financial system fulfil its functions and, as a consequence, deliver growth; but too much innovation or innovation that is not properly used, can have serious consequences for the overall economy.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Innovation · Banking and Finance

Özet

Recent innovations in the banking sector, which constitute the basis of the financial markets of the country’s economy in the present day, have been theoretically examined in the study. Innovation mainly refers to innovations made in the related sector. Financial innovations play an essential role in ensuring financial stability and continuity of economic growth. New instruments are continuously being developed in the financial sector especially for consumers and their recycling is being followed. Innovation is a double-edged sword: the right kind of innovation and favorable conditions that may spur banks to invest in new technologies would help the financial system fulfil its functions and, as a consequence, deliver growth; but too much innovation or innovation that is not properly used, can have serious consequences for the overall economy. This study aims to present a perspective on financial innovations by examining related literature and statistical financial innovation data of Turkish Banks to illuminate the way of academicians who are willing to do next studies on this topic.

🔖

Cite This Article

Başarır, Ç., SARIHAN, A. Y. (2017). Financial Innovations In Turkish Banking Sector And Literature Review. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, Cilt: 2 - Sayı: 4, 221–230. https://ajindex.com/articles/758541

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (9)

  1. Akhtar, M. A. (1983). Financial innovations and their implications for monetary policy: An international perspective. BIS Economic papers(9), 5-57.'den aktaran Malik, Q. U. Z., & Aslam, Q. (2010). Effect of Financial Innovations on Demand for Money in Pakistan: An ARDL Approach. Allen, F., & Santomero, A. M. (2001). What do financial intermediaries do?. Journal of Banking & Finance, 25(2), 271-294.
  2. Attanasio, O. P., Guiso, L., & Jappelli, T. (2002). The demand for money, financial innovation, and the welfare cost of inflation: An analysis with household data. Journal of Political Economy, 110(2), 317-351.
  3. Atik, M., Köse, Y., Yılmaz, B., & Sağlam, F. (2015). Kripto Para: Bitcoin ve Döviz Kurları Üzerine Etkileri. Bartın Üniversitesi İİ BF Dergisi, 6(11), 247-262.
  4. Buhl, H.U. and Will, A. (1998), ``Economic aspects of electronic commerce in financial services and advantageous steps to extended offers'', proceedings of the 31st Hawaii International Conference on Systems Sciences, Hawaii, USA, 7 January. Carbo-Valverde, S., & Rodriguez-Fernandez, F. (2008). ATMs vs. POS Terminals: A Horse Race?. Carter, M. (1991). Uncertainty, liquidity and speculation: a Keynesian perspective on financial innovation in the debt markets. Journal of Post Keynesian Economics, 14(2), 169-182.
  5. Cheung, A., Roca, E., & Su, J. J. (2015). Crypto-currency bubbles: an application of the Phillips–Shi–Yu (2013) methodology on Mt. Gox bitcoin prices. Applied Economics, 47(23), 2348-2358.
  6. Cömert, H., & Epstein, G. (2016). Finansal Yenilik Yazinindaki Son Gelismeler (No. 1604). STPS-Science and Technology Policy Studies Center, Middle East Technical University. Damanpour, F., Szabat, K. A., & Evan, W. M. (1989). The relationship between types of innovation and organizational performance. Journal of Management Studies, 26(6), 587-602.
  7. Damanpour, F., Walker, R. M., & Avellaneda, C. N. (2009). Combinative effects of innovation types and organizational performance: A longitudinal study of service organizations. Journal of management studies, 46(4), 650-675.
  8. Foley, P. and Sutton, D. (1998), ``Boom time for electronic commerce ± rhetoric or reality'', Business Horizons, September/October. Frame, W. S., & White, L. J. (2004). Empirical studies of financial innovation: lots of talk, little action?. Journal of Economic Literature, 42(1), 116-144.
  9. Frei, F. X., Harker, P. T., & Hunter, L. W. (1997, November). Innovation in retail banking. In National Academy of Science, National Research Council's Board