Öz
Türkiye'de katılım bankalarının 1980’lerin ortalarından beri faaliyete başlaması ile beraber ikili bir bankacılık sistemi doğmuştur. Dolayısıyla iki tip bankacılık modelinin birbiriyle uyumlu mu yoksa rakip olarak mı çalıştığı, uygulanacak finansal politikalar açısından kritik öneme sahiptir. Bu çalışmanın amacı Türkiye’de geleneksel bankalardaki kredi artışlarının katılım bankalarını nasıl etkilediğini araştırmaktır. Çalışmada hem geleneksel hem de katılım bankalarının 01/2005 - 02/2022 dönemine ait aylık frekanstaki toplam kredi miktarları veri olarak kullanılmıştır. Basit regresyon analizi ile beraber Kalman filtre yöntemi model olarak tercih edilmiştir. Çalışmanın sonucu dönem dönem aşırı rekabet etseler de iki tür bankacılık modelinin finansal sisteme zarar vermeden faaliyet gösterdiğini kanıtlamıştır. Çalışmanın bulguları, geleneksel bankalar tarafından dağıtılan kredilerin katılım bankalarını kredi piyasasından dışlamadığını göstermektedir.
Anahtar Kelimeler
Konvansiyonel Bankacılık Kalman Filtre Yöntemi Katılım Bankacılığı
Kaynakça
- Abedifar, P., Hasan, I. ve Tarazi, A. (2016). Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks. Journal of Economic Behavior & Organization, 132, 198-215.
- Akhtar, B., Akhter, W. ve Shahbaz, M. (2017). Determinants of Deposits in Conventional and Islamic Banking: A Case of an Emerging Economy. International Journal of Emerging Markets, DOI 10.1108/IJoEM-04-2015-0059.
- Alam, N., Hamid, B. A. ve Tan, D. T. (2019). Does Competition Make Banks Riskier in Dual Banking System? Borsa Istanbul Review, 19, S34-S43.
- Ali, M., Khattak, M. A. ve Alam, N. (2021). Credit Risk in Dual Banking Systems: Does Competition Matter? Empirical Evidence. International Journal of Emerging Markets. doi.org/10.1108/IJOEM-01-2020-0035.
- Bitar, M., Hassan, M. K.. ve Saad, W. (2020). Culture and the Capital–Performance Nexus in Dual Banking Systems. Economic Modelling, 87, 34-58.
- Boumediene, A. (2011). Is Credit Risk Really Higher in Islamic Banks? The Journal of Credit Risk, 7(3), 97.
- Carlson, K. M. ve Spencer, R. W. (1975). Crowding Out and Its Critics. Federal Reserve Bank of St. Louis Review, 2–17.
- Ergeç, E. H. ve Arslan, B. G. (2013). Impact of Interest Rates on Islamic and Conventional Banks: The Case of Turkey. Applied Economics, 45(17), 2381-2388.
- Finance Office of Presidency of the Republic of Türkiye (2022). Participation Finance. https://www.cbfo.gov.tr/en/participation-finance. (Erişim Tarihi, 20 Şubat, 2022).
- Garcia-Escribano, M. M. ve Han, M. F. (2015). Credit Expansion in Emerging Markets: Propeller of Growth? International Monetary Fund.
- Gheeraert, L. (2014). Does Islamic Finance Spur Banking Sector Development? Journal of Economic Behavior & Organization, (103), 4-20.
- Hamid, F. S. ve Ibrahim, M. H. (2020). Competition, Diversification and Performance in Dual Banking: A Panel VAR Analysis. Econ. Res.-Ekonomska Istraživanja, 1-27.
- Hammami, Y. ve Riahi, Y. (2021). Leverage and Balance-Sheet Size: A Comparative Study between Islamic and Conventional Banks. Applied Economics, 53(43), 4950-4961.
- Hatemi-J, A. ve Irandoust, M. (2008). The Fisher effect: A Kalman Filter Approach to Detecting Structural Change. Applied Economics Letters, 15(8), 619-624.
- Kabir, M. N., Worthington, A. ve Gupta, R. (2015). Comparative Credit Risk in Islamic and Conventional Bank. Pacific-Basin Finance Journal, 34, 327-353.
- Maghyereh, A. I. ve Yamani, E. (2022). Does Bank Income Diversification Affect Systemic Risk: New Evidence from Dual Banking Systems. Finance Research Letters, 102814.
- Meslier, C., Risfandy, T. ve Tarazi, A. (2017). Dual Market Competition and Deposit Rate Setting in Islamic and Conventional Banks. Economic Modelling, 63, 318-333.
- Othman, N., Abdul-Majid, M. ve Abdul-Rahman, A. (2017). Partnership Financing and Bank Efficiency. Pacific-Basin Finance Journal, 46, 1-13.
- Rizkiah, S. K., Disli, M., Salim, K. ve Razak, L. A. (2021). Switching Costs and Bank Competition: Evidence from Dual Banking Economies. Journal of International Financial Markets, Institutions and Money, 75, 101445.
- Wanke, P., Azad, M. A. K. ve Barros, C. P. (2016). Financial Distress and the Malaysian Dual Baking System: A Dynamic Slacks Approach. Journal of Banking & Finance, 66, 1-18.
- Zulkhibri, M. (2019). Macroprudential Policy and Tools in a Dual Banking System: Insights from the Literature. Borsa Istanbul Review, 19(1), 65-76.
Öz
A dual banking system has emerged in Turkey with the participation banks starting to operate since the mid-1980s. Therefore, it is important in terms of financial policies whether the two types of banking models are compatible or incompatible with each other. The aim of this study is to investigate how credits of conventional banks affect participation banks in the context of Turkey. Monthly observations of participation and conventional banks credit during the period between 01/2005 - 02/2022 are used in study. Kalman filter method with simple regression analysis was preferred as a model. The findings implied that the conventional banking model did not hinder participation banks in the credit market.
Anahtar Kelimeler
Participation Banking Conventional Banking Kalman Filter Method
Kaynakça
- Abedifar, P., Hasan, I. ve Tarazi, A. (2016). Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks. Journal of Economic Behavior & Organization, 132, 198-215.
- Akhtar, B., Akhter, W. ve Shahbaz, M. (2017). Determinants of Deposits in Conventional and Islamic Banking: A Case of an Emerging Economy. International Journal of Emerging Markets, DOI 10.1108/IJoEM-04-2015-0059.
- Alam, N., Hamid, B. A. ve Tan, D. T. (2019). Does Competition Make Banks Riskier in Dual Banking System? Borsa Istanbul Review, 19, S34-S43.
- Ali, M., Khattak, M. A. ve Alam, N. (2021). Credit Risk in Dual Banking Systems: Does Competition Matter? Empirical Evidence. International Journal of Emerging Markets. doi.org/10.1108/IJOEM-01-2020-0035.
- Bitar, M., Hassan, M. K.. ve Saad, W. (2020). Culture and the Capital–Performance Nexus in Dual Banking Systems. Economic Modelling, 87, 34-58.
- Boumediene, A. (2011). Is Credit Risk Really Higher in Islamic Banks? The Journal of Credit Risk, 7(3), 97.
- Carlson, K. M. ve Spencer, R. W. (1975). Crowding Out and Its Critics. Federal Reserve Bank of St. Louis Review, 2–17.
- Ergeç, E. H. ve Arslan, B. G. (2013). Impact of Interest Rates on Islamic and Conventional Banks: The Case of Turkey. Applied Economics, 45(17), 2381-2388.
- Finance Office of Presidency of the Republic of Türkiye (2022). Participation Finance. https://www.cbfo.gov.tr/en/participation-finance. (Erişim Tarihi, 20 Şubat, 2022).
- Garcia-Escribano, M. M. ve Han, M. F. (2015). Credit Expansion in Emerging Markets: Propeller of Growth? International Monetary Fund.
- Gheeraert, L. (2014). Does Islamic Finance Spur Banking Sector Development? Journal of Economic Behavior & Organization, (103), 4-20.
- Hamid, F. S. ve Ibrahim, M. H. (2020). Competition, Diversification and Performance in Dual Banking: A Panel VAR Analysis. Econ. Res.-Ekonomska Istraživanja, 1-27.
- Hammami, Y. ve Riahi, Y. (2021). Leverage and Balance-Sheet Size: A Comparative Study between Islamic and Conventional Banks. Applied Economics, 53(43), 4950-4961.
- Hatemi-J, A. ve Irandoust, M. (2008). The Fisher effect: A Kalman Filter Approach to Detecting Structural Change. Applied Economics Letters, 15(8), 619-624.
- Kabir, M. N., Worthington, A. ve Gupta, R. (2015). Comparative Credit Risk in Islamic and Conventional Bank. Pacific-Basin Finance Journal, 34, 327-353.
- Maghyereh, A. I. ve Yamani, E. (2022). Does Bank Income Diversification Affect Systemic Risk: New Evidence from Dual Banking Systems. Finance Research Letters, 102814.
- Meslier, C., Risfandy, T. ve Tarazi, A. (2017). Dual Market Competition and Deposit Rate Setting in Islamic and Conventional Banks. Economic Modelling, 63, 318-333.
- Othman, N., Abdul-Majid, M. ve Abdul-Rahman, A. (2017). Partnership Financing and Bank Efficiency. Pacific-Basin Finance Journal, 46, 1-13.
- Rizkiah, S. K., Disli, M., Salim, K. ve Razak, L. A. (2021). Switching Costs and Bank Competition: Evidence from Dual Banking Economies. Journal of International Financial Markets, Institutions and Money, 75, 101445.
- Wanke, P., Azad, M. A. K. ve Barros, C. P. (2016). Financial Distress and the Malaysian Dual Baking System: A Dynamic Slacks Approach. Journal of Banking & Finance, 66, 1-18.
- Zulkhibri, M. (2019). Macroprudential Policy and Tools in a Dual Banking System: Insights from the Literature. Borsa Istanbul Review, 19(1), 65-76.
Ayrıntılar
| Birincil Dil | İngilizce |
|---|---|
| Konular | Finans |
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 1 Ekim 2022 |
| Gönderilme Tarihi | 26 Nisan 2022 |
| Kabul Tarihi | 10 Haziran 2022 |
| Yayımlandığı Sayı | Yıl 2022 Cilt: 5 Sayı: 2 |
Cited By
THE COMPETITION BETWEEN PARTICIPATION AND CONVENTIONAL BANKS IN TURKEY: A QUANTITATIVE STUDY
Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
https://doi.org/10.53092/duiibfd.1214359
