Bankacılık Sektörü BilançolarındakiKırılganlıklar ile Krizler Arasındakiİlişkinin Değerlendirilmesi; TürkiyeÖrneği, 2000-01 Krizleri

Yıl 2017, Sayı: 631, 55 - 64, 01.09.2017

Esra N. Kılcı

Öz

2000 Kasım ve 2001 Şubat döneminde yaşanan krizler süresince yaşanan gelişmeler ve krizlerin gerek ülke ekonomisi gerek bankacılık sektörü açısından yol açtığı yıkıcı sonuçlar, 2000-01 Krizleri’nin akademik literatürde önemli bir yer bularak, krizlerin nedenleri ve oluşum süreci konularında çok sayıda çalışma yapılmasına neden olmuştur. Yapılan çalışmaların önemli bir kısmında, makroekonomik dengesizlikler ve özellikle cari açık üzerinde durulmuştur. Bununla beraber, yaşanan gelişmeler, krizlerde temel tetikleyici unsurun, finansal piyasalarda asimetrik enformasyon olgusunun yol açtığı ters seçim ve ahlaki risk problemlerinin bankacılık sektörü bilançolarında yarattığı bozulmalar olduğuna işaret etmektedir. Bu çalışmada, Türk bankacılık sektörü bilançolarında yaşanan kötüleşmeden yola çıkılarak, aktif kalitesi ve karlılık performansını gösteren geri dönmeyen krediler, duran aktifler/toplam aktifler, öz kaynaklar/toplam aktifler, net çalışma sermayesi/toplam aktifler, döviz cinsinden varlıklar/döviz cinsinden yükümlülükler, ROA ve ROE gibi değişkenlerle gecelik faiz oranları arasındaki ilişki Toda-Yamamoto Nedensellik Testi kullanılarak incelenmiştir. 1990-2014 yıllık veriler kullanılarak yapılan çalışma sonuçları, aktif kalitesi ve sermaye yeterliliğini gösteren rasyolarla gecelik faiz oranları arasında nedensellik ilişkisi olduğunu göstermektedir

Anahtar Kelimeler

2000-01 Türkiye Krizleri, asimetrik enformasyon, bankacılık sektörü bilançolarında bozulmalar

An Assessment of the Relationship Between Balancesheet Deteriorations and Financial Crises; Turkish Case, 2000-01 Crises

Öz

The most severe of the financial volalities in Turkey since the financial liberalization started in 1980's, is certainly the 2000 November Banking and 2001 February Currency Crises. The ongoing events and the destructive results that the crises led to both national economy and banking sector, brought about many studies about the causes and the formation of the crises. In most of these studies, macroeconomic imbalances and especially current account deficit are dwelt upon. However, the process pointed that the main triggering factor is the deterioration in the banking sector balancesheets which asymmetric information problems such as adverse selection and moral hazard problem gave rise. In this study, the vulnerabilities of the banking sector are evaluated and the relationship between the variables such as networth/total assets, nonperforming loans/total assets, permanent assets/total assets, fx assets/fx liabilities, net working capital/total assets, ROA, ROE and O/N interest rates is investigated by using an econometric aprroach. The econometric analysis using 1990-2014 yearly data shows there is causality relationship between the ratios presenting asset quality and capital adequacy

Anahtar Kelimeler

2000-01 Turkish Crises, asymmetric information, banking sector balancesheet deterioration

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