Financial Inclusion and Policy-Making: Strategy, Campaigns and Microcredit<i>a la Turca</i>

Güngen, Ali Rıza

doi:10.1080/13563467.2017.1349091

Cited by 36 publications

(10 citation statements)

References 29 publications

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“…The particularity of history appears in the form and mechanism of a particular environment, and if did not planned, these forms and mechanisms will be modified. 8 Because the role of the state and non-governmental organizations is different, and the inclusive finance itself is greatly affected by the nature of the financial system, emerging markets, existing financial infrastructure, access to financial services, and the profitability of the entire sector. The degree of benefits differs in the development of specific services in countries.…”

Section: International Inclusive Finance Case Path Dependence Analysismentioning

confidence: 99%

Government Behavior in the Development of Inclusive Finance in China from the Perspective of Historical Institutionalism: Regulation or Boost?- based on international case comparison

Wang¹

2019

Proceedings of the 2019 3rd International Seminar on Education, Management and Social Sciences (ISEMSS 2019)

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Section: International Inclusive Finance Case Path Dependence Analysismentioning

confidence: 99%

Government Behavior in the Development of Inclusive Finance in China from the Perspective of Historical Institutionalism: Regulation or Boost?- based on international case comparison

Wang¹

2019

Proceedings of the 2019 3rd International Seminar on Education, Management and Social Sciences (ISEMSS 2019)

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“…Simultaneously, financialisation has begun to affect sectors as diverse as health care (Eren Vural, 2017) and corporate mergers and acquisitions (Demiroz & Erdem, 2018). Consumer credit has also been significantly expanded (Karaçimen, 2014), and low-income households are now subjected to discipline by debt (Gungen, 2017;.…”

Section: The Development Of Housing Financialisation In Turkey: a Response To Crisismentioning

confidence: 99%

The roles of the state in the financialisation of housing in Turkey

Çelik

2021

Housing Studies

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What is the relationship between the state and housing financialisation? Much of the literature describes the state playing a role to promote the regulatory, legislative, and financial conditions needed to allow global financial capital to penetrate land and property markets. I build on these arguments to develop in what ways the state is playing an active role in housing financialisation in Turkey. I suggest that the Turkish national state has deliberately, actively, and forcefully pursued housing financialisation by (i) introducing new legislation; (ii) creating financial frameworks to encourage speculation by domestic and international capital on land and housing as assets (iii) enclosing public land and exploiting informal types of tenure; (iv) assetising land and housing by developing revenue-sharing urban regeneration projects; and (v) using coercive legal and penal force to criminalise informal development, and to quell resistance to state-led regeneration. My conclusions add weight to Christophers' contention that the role of the state needs to be reconceptualised to capture its direct involvement in housing financialisation.

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“…Hence, recent neoliberal urban practices in Turkey did not entail a retreat of the state, as Panitch and Konings () and Pereira () argue, but rather a reorientation of its roles and functions with the aim of expanding the housing market landscape. Gungen () also emphasizes the fact that the financialization process in the Turkish economy has evolved differently from that in other late capitalist countries owing to the proactive role of the government.…”

Section: Why Study the Financialization Of Housing In Turkey?mentioning

confidence: 99%

“…A considerable literature has been published on the financial transformation of the Turkish economy (Başçi, ; Ergunes, ; Karacimen, ; Yeldan and Univar, ; Gungen, ; Demiroz and Erdem, ). However, a few studies have examined the financialization of the Turkish housing market.…”

Section: Introductionmentioning

confidence: 99%

New Geographies of Residential Capitalism: Financialization of the Turkish Housing Market Since the Early 2000s

Erol¹

2019

Int J Urban Regional Res

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The post-2001 financial crisis era in Turkey gave rise to twin booms in housing construction and credit markets, both of which suffered from the subsequent debt crisis. The financial transformation of the economy in conjunction with state-led urban legislation reform had significant effects on the housing market in terms of commodification of housing, countrywide construction activities and substantial increases in household debt and construction company loans. The changing role and function of the state as a direct provider of housing can be regarded as actually existing neoliberalism providing favourable conditions for financialization, as it ushered in the commodification of housing. The Turkish government, together with the government-backed housing agency, metropolitan municipalities and publicly owned real-estate investment company, has been active in nationwide housing construction and urban regeneration projects. This article argues that there is a lack of synchrony between the commodification of housing and the financialization of the household sector owing to the institutional setting of the mortgage system and structural macroeconomic problems. Rather, housing commodification has been accompanied by the financialization of the corporate sector through a steep rise in the external debt burden of construction companies.

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Financial Inclusion and Policy-Making: Strategy, Campaigns and Microcredita la Turca

Cited by 36 publications

References 29 publications

Government Behavior in the Development of Inclusive Finance in China from the Perspective of Historical Institutionalism: Regulation or Boost?- based on international case comparison

Government Behavior in the Development of Inclusive Finance in China from the Perspective of Historical Institutionalism: Regulation or Boost?- based on international case comparison

The roles of the state in the financialisation of housing in Turkey

New Geographies of Residential Capitalism: Financialization of the Turkish Housing Market Since the Early 2000s

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