Istanbul Financial Center

Murat Balcı, Hicabi Ersoy

Abstract


This study addresses the financial centers, which have a significant role in the global economy, and in which financial service providers such as banks, investment managers, financial advisors, stock markets and all kinds of financial institutions intensely take place. International financial centers such as London and Frankfurt have turned into financial centers where the most popular financial institutions of the world are located and therefore financial instruments are used the most. As a result of the change and the transformation in Turkey especially for the last twenty years, in 2009, the developments of Istanbul Financial Center (IFC) have started with the aim to increase value added in the economy and the economic growth and within the scope of these developments Istanbul will be an important financial center in a few years.

Keywords


International Financial Center, Istanbul Financial Center, City of London, Frankfurt as a Financial Center, Financial and Legal Privileges

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