Access to financial services in Turkey: Institutional barriers and opportunities

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    Despite three-decades of reform, it is astonishing to see that one out of two Turkish adults is still excluded from the financial system. Such exclusion is an incredible waste of capital and talent for any country, given the positive effects financial access has on economic growth and poverty reduction. Not surprisingly, this issue has come to the forefront of the agendas of the World Bank, IMF, UN and development agencies in recent years. The high level of exclusion in Turkey is both a great challenge and opportunity. This article explores the level of (and barriers to) financial access in Turkey and draws some policy lessons for the future.

    Original languageEnglish (US)
    Title of host publicationUnderstanding the Process of Economic Change in Turkey
    Subtitle of host publicationAn Institutional Approach
    PublisherNova Science Publishers, Inc.
    Pages337-354
    Number of pages18
    ISBN (Print)9781608769452
    StatePublished - Dec 1 2013

    All Science Journal Classification (ASJC) codes

    • Economics, Econometrics and Finance(all)
    • Social Sciences(all)

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