Banking: A Political Economic Overview
Authors : Ali TARHAN
Pages : 159-182
Doi:10.33203/mfy.519257
View : 11 | Download : 10
Publication Date : 2014-04-01
Article Type : Research Paper
Abstract :Print FullPage 21 9.05 pt 9.05 pt false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:`Table Normal`; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:``; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:`Calibri`,sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:`Times New Roman`; mso-bidi-theme-font:minor-bidi; mso-ansi-language:EN-US; mso-fareast-language:EN-US;} Banking business keeps its importance in an economy since the ancient times. Banking initially was not a reputable business. However, from the beginning of middle of the nineteenth century banking turned into a respectful business. This historical period also indicates the establishment of big investment banks in the United States insert ignore into journalissuearticles values(US);. These investment banks made important contributions in development of the US by financing the big projects via securitizations in financial markets. The aim of this study is to examine the political powers of these big financial institutions.Keywords : Political Economy, Power, Banking