THE TRANSITION PERIOD TO EURO AT FULL MONETARY INTEGRATION AND TURKISH FINANCIAL SECTOR

Authors : İlhan ULUDAĞ, Erişah ARICAN

Pages : 247-269

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Publication Date : 1999-12-25

Article Type : Research Paper

Abstract :This article examines the significance and consequences of the Euro in European monetary integration and how it will affect the Turkish banking sector . For this purpose, the various stages of the realisation of European Monetary System insert ignore into journalissuearticles values(EMS); and , its theoretical context have been explained i n detail.Furthermore , thefunct i ons of the Euro in the System and the advantages and the disadvantages it will create for Member States and non-member countries , have also been explained. The ` TARGET` system , which was developed in order to facilitate settlement payments between the European Central Bank insert ignore into journalissuearticles values(ECB); and the national banking systems of the Member States, has also been studied. Conseguently, as the EMS is realized , the measures taken and the strategies adopted by the Turkish financial sector, especially in relation to the harmonisation of money and capital markets, have been evaluated. 
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