Citation Number
1
Views
36
Downloands
13
Sürdürülebilir bir büyüme için istikrarlı ve güçlü bir bankacılık sektörünün varlığı zorunlu olmakla birlikte, bankaların da güven veren bir ekonomik ortamda sağlıklı işleyebilmeleri, banka ve makroekonomik performans göstergelerinin sağlıklı olmasına bağlıdır. Türkiye ekonomisi finansal serbestleşme sürecinin ardından 1994 yılında ilkini yaşadığı finansal krizi takiben 1997 Asya krizinden etkilenmiş, 2001 Bankacılık, 2008 Global krizi ve 2018 Ağustos ayında da kur dalgalanması yaşamıştır. Türkiye’nin bu dönemlere ilişkin verileri incelendiğinde, bankaların ve makroekonominin performans göstergelerinde sürekli bir dalgalanma gözlemlenmektedir. Bu dalgalanmalar dolayısıyla ortaya çıkan olumsuzluklar bankacılık sektörüne getirilen yeni düzenlemelerle ortadan kaldırılmaya çalışılmıştır. Bu çalışmada 1990 sonrası Türk Bankacılık sektörü aktif kârlılığı ile makroekonomik performans ve bankacılık sektörü finansal göstergeleri arasındaki uzun dönem ilişki araştırılmıştır. Türk Bankalar Birliği tarafından sunulan yıllık bilanço verileri ile TÜİK 1990-2017 yıllık verilerinin kullanıldığı çalışmada, bankaların aktif kârlılığı ile makroekonomik performans ve sektörel finansal göstergeler arasında uzun dönem eşbütünleşme ilişkisi bulunmuştur. Ayrıca bankaların aktif kârlılığı ile sektörel finansal göstergeleri arasında karşılıklı çift yönlü nedensellik ilişkisi mevcutken, makroekonomik performans ve sektörel finansal göstergeler arasında böyle bir ilişki belirlenememiştir. Bununla birlikte banka aktif kârlılığından, makroekonomik performansa doğru tek yönlü bir ilişki tespit edilmiştir.
While the existence of a stable and strong banking sector is essential for sustainable growth, it also depends on the ability of banks to operate healthy in a reliable economic environment, the health of banking and macroeconomic performance indicators. After the first financial crisis in 1994, the Turkish economy was affected by the 1997 Asian crisis, the 2001 Banking, the 2008 Global crisis and the 2018 August currency volatility. When the data of Turkey relating to these periods are examined, a constant fluctuation in the performance indicators of the banks and macroeconomics is observed. The disadvantages arising from these fluctuations have been attempted to eliminate by the new regulations brought to the banking sector. This study examined the long-term relationship between the active profitability of the Turkish banking sector after 1990 and macroeconomic performance and the financial indicators of the banking sector. The annual balance sheet data presented by the Turkish Banking Union and the annual data used by TÜIK 1990-2017 have found a long-term integration relationship between the active profitability of the banks and the macroeconomic performance and the sectoral financial indicators. While there is also a mutually dual causal relationship between the active profitability of the banks and the sectoral financial indicators, such a relationship between macroeconomic performance and the sectoral financial indicators has not been determined. However, a one-way relationship from the active profitability of the bank has been identified to the proper macroeconomic performance.
Although the strong and stable banking sector is essential for sustainable growth, having stable and sound banking financial indicators and macroeconomic performance indicators is also important for the banks to function properly in a reliable economic environment. 1Following the implementation of financial liberalization policies, the Turkish economy faced its first financial crisis in 1994, had been affected from the Asian crisis in 1997, and had suffered from 2001 Banking and 2008 Global crisis and from the 2018 August foreign exchange volatility. Examination of the Turkish data for the period, it is observed that there are lots of sharp and sustained fluctuations in the banking and macroeconomic performance indicators. To overcome the economic problems emerged from these fluctuations, new regulations were introduced to the banking sector. This study investigates the long-term relationship between return on assets, macroeconomic performance and financial indicators of the banking sector. The annual balance sheet data obtained from the Turkish Banking Association and the annual data of TURKSTAT over the period 1990-2017 are used in this study. The results indicates that there is a long-term cointegration relationship between banks' return on assets and macroeconomic performance and sectoral financial indicators indices. The results show that while there is no causal relationship between macroeconomic performance indicators and sectoral financial indicators, there is a two-way Granger causality relationship among banking profitability and sectoral financial indicators. However, the results indicate that there exists a one-way Granger causality relationship running from the banking sector profitability to macroeconomic performance index.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Ulusal
Article Detail 
Citation Owners
Similar Articles
Download PDF
Journal Information
Listen Paper
Print This Page
Share
Mendeley
