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Article: Major Overhaul of Capital Markets Law Sought*.
- Article from:
- Mondaq Business Briefing
- Article date:
- September 22, 2005
- Author:
CopyrightCOPYRIGHT 2005 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Article by Ayse Tumerkan
The foundations of the capital markets in Turkey were laid down during the 1980's. However, since then the development of the capital markets in Turkey have not been entirely satisfactory for a variety of reasons. Macroeconomic and political inconsistencies, shadow economy, high domestic debts, stocks and real interest rates are some of the external factors that may obstruct the development of fully-fledged capital markets with sufficient depth in the country. In addition to these external factors, the market also suffered from more specific securities-related problems, such as lack of a corporate and individual investor platform and lack ...