Banking Regulation in Turkey and Russia: An Economic Analysis

The importance of the banks and financial markets relies on the fact that they promote economic efficiency by allocating savings efficiently to profitable investment opportunities.An efficient banking system is a key determinant for the financial stability.The theory of market failure forms the basis for understanding financial regulation.Following the detrimental economic and financial consequences in theaftermath of the crisis, academics and policymakers started to focus their attention on the construction of an appropriate regulatory and supervisory framework of the banking sector. This dissertation aims at understanding the impact of regulations and supervision on banks’ performance focusing on two emerging market economies, Turkey and Russia. It aims at examining the way in which regulations matter for financial stability and banking performance from a law & economics perspective. A review of the theory of banking regulation, particularly as applied to emerging economies, shows that the efficiency of certain solutions regarding banking regulation is open to debate. Therefore, in the context of emerging countries, whether a certain approach is efficient or not will be presented as an empirical question to which this dissertation will try to find an answer.

Thermochronological evolution of the Eastern Pontides and the Eastern Anatolian Plateau and NW Lesser Caucasus (Turkey, Georgia, Armenia)

The analysis of apatite fission tracks is applied to the study of the syn- and post-collisional thermochronological evolution of a vast area that includes the Eastern Pontides, their continuation in the Lesser Caucasus of Georgia (Adjara-Trialeti zone) and northern Armenia, and the eastern Anatolian Plateau. The resulting database is then integrated with the data presented by Okay et al. (2010) for the Bitlis Pütürge Massif, i.e. the western portion of the Bitlis-Zagros collision zone between Arabia and Eurasia. The mid-Miocene exhumation episode along the Black Sea coast and Lesser Caucasus of Armenia documented in this dissertation mirrors the age of collision between the Eurasian and Arabian plates along the Bitlis suture zone. We argue that tectonic stresses generated along the Bitlis collision zone were transmitted northward across eastern Anatolia and focused (i) at the rheological boundary between the Anatolian continental lithosphere and the (quasi)oceanic lithosphere of the Black Sea, and (ii) along major pre-existing discontinuities like the Sevan-Akera suture zone.The integration of both present-day crustal dynamics (GPS-derived kinematics and distribution of seismicity) and thermochronological data presented in this paper provides a comparison between short- and long-term deformation patterns for the entire eastern Anatolia-Transcaucasian region. Two successive stages of Neogene deformation of the northern foreland of the Arabia-Eurasia collision zone can be inferred. (i) Early and Middle Miocene: continental deformation was concentrated along the Arabia-Eurasia (Bitlis) collision zone but tectonic stress was also transferred northward across eastern Anatolia, focusing along the eastern Black Sea continent-ocean rheological transition and along major pre-existing structural discontinuities. (ii) Since Late-Middle Miocene time the westward translation of Anatolia and the activation of the North and Eastern Anatolian Fault systems have reduced efficient northward stress transfer.

Low-temperature thermochronological evolution of the Menderes and Alanya massifs (Turkey)

The application of two low-temperature thermochronometers [fission-track analysis and (U-Th)/He analyses, both on apatite] to various tectonostratigraphic units of the Menderes and Alanya Massifs of Turkey has provided significant new constraints to the understanding of their structural evolution. The Menderes Massif of western Anatolia is one of the largest metamorphic core complexes on Earth. The integration of the geochronometric dataset presented in this dissertation with preexisting ones from the literature delineates three groups of samples within the Menderes Massif. In the northern and southern region the massif experienced a Late Oligocene-Early Miocene tectonic denudation and surface uplift; whereas data from the central region are younger, with most ages ranging between the Middle-Late Miocene. The results of this study are consistent with the interpretation for a symmetric exhumation of the Menderes Massif. The Alanya Massif of SW Anatolia presents a typical nappe pile consisting of thrust sheets with contrasting metamorphic histories. Petrological and geochronological data clearly indicate that the tectonometamorphic evolution Alanya started from Late Cretaceous with the northward subduction of an ‘Alanya ocean’ under the Tauride plate. As an effect of the closure of the İzmir–Ankara–Erzincan ocean, northward backthrusting during the Paleocene-Early Eocene created the present stacking order. Apatite fission-track ages from this study range from 31.8 to 26.8 Ma (Late Rupelian-Early Chattian) and point to a previously unrecognized mid-Oligocene cooling/exhumation episode. (U-Th)/He analysis on zircon crystals obtained from the island of Cyprus evidentiate that the Late Cretaceous trondhjemites of the Troodos Massif not recorded a significant cooling event. Instead results for the Late Triassic turbiditic sandstones of the Vlambouros Formation show that the Mamonia mélange was never buried enough to reach the closure temperature of the ZHe radiometric system (ca. 200°C), thus retaining the Paleozoic signature of a previous sedimentary cycle.

Reconstructing Iron Age Community Dynamics in Eskisehir Province, Central Turkey

Current understanding of the Iron Age polity of Phrygia in Central Anatolia is primarily based on excavations and survey in the region of the Phrygian capital of Gordion. In order to expand our knowledge of the Phrygian polity, we assess the scale and nature of Iron Age communities in the western (EskiAYehir) region of Phrygia. We address the challenge of interpreting ceramics derived from large-scale archaeological survey by utilizing Neutron Activation Analysis (NAA) of ceramics from 12 sites across the region collected by the EskiAYehir archaeological survey project as well as an excavated assemblage from Aar Hoyuk. While the uniformity in ceramic technology and styles suggest the region is part of the larger Phrygian community, NAA results reveal that (a) ceramic production was regionally highly localized with limited evidence of standardization during the Iron Age and (b) based on evidence of community interaction it is possible to establish a partial chronological sequence of development. These results have implications not only for understanding the internal dynamics within the Phrygian core but also for developing a methodology for comparing ancient polities using commensurate units of interacting communities. The present study is part of the larger Anatolian Iron Age Ceramics project (http://www.une.edu.au/a-ia).

Scaling Ceramic Provenience at Lydian Sardis, Western Turkey

We present a multistage strategy to define the scale and geographic distribution of 'local' ceramic production at Lydian Sardis based on geochemical analysis (NAA) of a large diverse ceramic sample (n = 281). Within the sphere of local ceramic production, our results demonstrate an unusual pattern of reliance on a single resource relative to other contemporary Iron Age centers. When our NAA results are combined with legacy NAA provenience data for production centers in Western Anatolia, we can differentiate ceramic emulation from exchange, establish probable proveniences for the non-local component of the dataset, and define new non-local groups with as yet no known provenience. (C) 2012 Elsevier Ltd. All rights reserved.

Cultural Dynamics and Ceramic Resource Use at Late Bronze Age/Early Iron Age Troy, Northwestern Turkey

Changes in resource use over time can provide insight into technological choice and the extent of long-term stability in cultural practices. In this paper we re-evaluate the evidence for a marked demographic shift at the inception of the Early Iron Age at Troy by applying a robust macroscale analysis of changing ceramic resource use over the Late Bronze and Iron Age. We use a combination of new and legacy analytical datasets (NAA and XRF), from excavated ceramics, to evaluate the potential compositional range of local resources (based on comparisons with sediments from within a 10 km site radius). Results show a clear distinction between sediment-defined local and non-local ceramic compositional groups. Two discrete local ceramic resources have been previously identified and we confirm a third local resource for a major class of EIA handmade wares and cooking pots. This third source appears to derive from a residual resource on the Troy peninsula (rather than adjacent alluvial valleys). The presence of a group of large and heavy pithoi among the non-local groups raises questions about their regional or maritime origin. (C) 2012 Elsevier Ltd. All rights reserved.