Başlık:
Is the new financial center Istanbul compatıble with the European Union financial norms
Yazar:
Gökay, Erden Ziya.
ISBN:
9786053151470
Yazar Ek Girişi:
Fiziksel Tanımlama:
XXIII, 120 pages; Illustration, 23 cm
Seri:
Hukuk yayınları dizisi ; 429.
İçerik:
CONTENTS ABSTRACT III ÖZET V LIST OF TABLES XIII LIST OF CHARTS XV LIST OF FIGURES XV LIST OF ABBREVIATIONS XVII INTRODUCTION XXI CHAPTER I 1 CONCEPT OF FINANCIAL CENTER AND DETERMINANTS 1 1.1. Concept of Financial Center 1 1.2. Common Features of the Global Financial Centers 2 1.3. Advantages and Disadvantages of Being a Global Financial Center 4 1.3.1 Advantages of Becoming a Global Financial Center 5 1.3.2 Disadvantages of Being a Global Financial Center 10 1.4. Theoretical Framework for Global Financial Centers 13 1.4.1. Theory of Selected Place and Location 13 1.4.2. Economy of Scale 14 1.4.3. Finance Geography 15 1.4.4 Global City Theory 16 CHAPTER II 19 GLOBAL FINANCIAL CENTRES 19 2.1. Emergence of Financial Centers in the World 19 2.2. Overview of the Global Financial Centers 20 2.2.1. London as a Financial Center 20 2.2.2. New York As a Financial Center 24 2.2.3. Euro Zone as a Financial Center 28 2.2.4. Hong Kong as a Financial Center 31 2.2.5. Dubai As a Financial Center 35 2.2.6. Switzerland as a Financial Center 38 2.2.7. Turkey's Path to Become a Financial Center 41 CHAPTER III 51 COMPLIANCE OF ISTANBUL TO EU NORMS IN BECOMING A GLOBAL FINANCIAL CENTER 51 3.1. The Position of Istanbul Financial Center in International Regulations 51 3.1.1. GATTs Agreement 51 3.1.2. EU Regulations for Tertiary Sector 53 3.2. Harmonization of Turkish and European Capital Markets 59 3.3. Studies carried out with the aim of making Istanbul a Global Financial Center 64 3.3.1. Organizational Structure 64 3.3.2. Legal Infrastructure 68 3.3.3. Variety of Financial Products and Services 70 3.3.4. Simple and Efficient Taxation 72 3.3.5. Regulatory and Supervisory Framework 73 3.3.6. Physical Infrastructure 74 3.3.7. Technological Infrastructure 75 3.3.8. Promotion and Image 76 3.3.9. Human Resources 78 3.3.10 Financial Consumer Protection 79 3.3.11 Action Plan for Istanbul International Financial Center 79 3.3.12 Establishment of Istanbul Stock Exchange and Its Objectives 81 3.4. SWOT Analysis on Istanbul Financial Center 83 CHAPTER IV 87 COMPLIANCE OF ISE WITH DEVELOPED FINANCIAL CENTRES 87 4.1. Purpose of the Application 87 4.2. Literature Review on the Application Method 87 4.3. Econometric Method 91 4.4. The Data Set Used in Application 92 4.5. Empirical Results 93 CONCLUSION AND OVERVIEW 99 REFERENCES 105 ANNEXES 115
Özet:
In this book, the latest stage reached in the works performed in istanbul Financial Center (İFM) project starting as one of the most important projects in Turkey in 2009 has been assessed and compliance with national and international norms such as action plans, European Union (EU), General Agreement on Tariffs and Trade (GATTs) has been ques-tioned. To what extent the stock indices of developed countries in the world are co-integrated between October, 2005- the date in which EU ne-gotiations began- and December 2015 has been tested econometrically. it has been concluded that stock index of İSTANBUL STOCK EX-CHANGE (BİST) is not cointegrated with stock exchanges of US, HONG KONG, DUBAİ, EUROSTOXX50, ENGLAND and SWITZERLAND in the above-mentioned period. The said empirical finding means that there is not long-term connection betvveen variables. Although istanbul has sig-nifıcantly proceeded in the ranking of developed financial centers consid-ering the work done towards becoming a FC it has been observed that it has not reached the desired level yet.
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Library | Materyal Türü | Demirbaş | Yer Numarası | Durumu / Lokasyon / İade Tarihi |
|---|---|---|---|---|
Arıyor... | Kitap | EKOBKN0007003 | 657.3 GOK 2016A | Arıyor... |