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Article: Major Overhaul Of Capital Markets Law Sought.
- Article from:
- Mondaq Business Briefing
- Article date:
- November 17, 2005
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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MAJOR OVERHAUL OF CAPITAL MARKETS LAW SOUGHT1
by Hakk? Gedik, Ay?e Tumerkan
The foundations of the capital markets in Turkey were laid down during the 1980s. However, since then the development of the capital markets in Turkey has not been entirely satisfactory for a variety of reasons. Macroeconomic and political inconsistencies, the so-called shadow economy, high domestic debt 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 ...