Capital accumulation and the development of a financial system: The Turkish example

Eres B.

Review of Radical Political Economics, cilt.37, sa.3, ss.320-328, 2005 (SCI-Expanded) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 37 Sayı: 3
  • Basım Tarihi: 2005
  • Doi Numarası: 10.1177/0486613405278158
  • Dergi Adı: Review of Radical Political Economics
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.320-328
  • Anahtar Kelimeler: Accumulation, Banking sector, Commercial capital, Financial systems
  • Ankara Üniversitesi Adresli: Evet

Özet

This article aims at constructing an alternative view of the development of a financial system in Turkey. The main argument is that the historically specific form of accumulation is the fundamental reason why national financial systems developed as they did. The predominantly commercial form of accumulation as well as the peripheral conditions shape the development of the financial system in Turkey. Furthermore, the rise of "holding" banking in the 1970s is argued to be the culmination of these specific factors. © 2005 Union for Radical Political Economics.