The attempts to explain the high and sticky credit card rates have given rise to a vast literature on credit card markets. This paper endeavors to explain the rates in the Turkish market using measures of non-price competition. In this market, issuers compete monopolistically by differentiating...

The failure of competition and the consequent high and sticky interest rates in credit card markets have been the subject of a considerable amount of debate and research lately. This paper presents the first regression testing for the existence of price competition in a credit card market to be...

This paper first points out the lack of consensus between empirical and theoretical studies of income inequality and redistribution. While theoretical papers show that income inequality increases redistribution, empirical studies fail to confirm the same result. The paper later shows that even...

In spite of both theoretical and empirical contributions to investigate the determinants of redistribution, an important gap remains in the literature, which is the effect of efficiency of redistributive institutions on redistribution. This paper is an attempt to show that the state apparatus...

This paper attempts to delineate the evolution of the Turkish banking sector in the post-crisis era after 2001. The paper summarizes the events in the Turkish banking sector until the 2001 crisis. After that, a section focuses on the major regulatory changes. A detailed account of the...

In a period of increasing foreign bank entry, the popular question of “what does foreign bank entry bring to the Turkish banking sector?” can partly be answered with respect to the productivity effects. This paper aims to find the productivity change in the banking sector between 1990 and...