Abstract:

After the financial liberalization and integration process, which started in developed countries at the end of the 1970s and expanded to include developing countries in the 1980s, many financial crises occurred throughout the world. As a result of these crises, the guiding function in the economy of the market economy was deemed insufficient and the regulatory role of the state in the financial markets was needed. In this direction, financial regulations that will ensure efficiency and stability in financial markets have become a frequently discussed topic at the global level. Turkey liberalized the financial markets in the 1980s without regulatory and supervisory mechanisms, and this situation caused the financial markets to take on a more sensitive structure. After the mentioned process, the Turkish economy became open to crises and many crises occurred in the country. Policy makers have implemented different regulation policies in order to resolve the crises after the crises. In this context, the role of financial regulations in ensuring financial stability in Turkey has been tried to be analyzed in the light of the crises in the country.

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