Technology and Financial Crisis:

Transcription

1 Technology and Financial Crisis: Economical and Analytical Views Ali SerhaniKoyuncugil Capital Markets Board, Turkey Nermin Ozgulbas Baskent University, Turkey A volume in the Advances in Finance, Accounting, and Economics (AFAE) Book Series i SCIENCE An Imprint of IGI Global

2 Table of Contents Foreword Preface Acknowledgment xvii xix xxiv Section 1 Multidimensional Overview of the Financial Crisis Chapter World Economic Crisis, New Paradigms, Science Methodology, Information Systems, and Decision Systems 1 Orhan Giivenen, Bilkent University, Turkey & University of Paris - Pantheon, France Chapter 2 Dynamics of Globalization 8 Halil Sanaslan, Baskent University, Turkey Chapter 3 Financial Crisis Reveals Systemic Crisis of Official Statistics 15 lmmo H. Wernicke, Formerly Federal Statistical Office/DESTATIS, Germany Chapter 4 World Energy Outlook and Impact of Oil Prices on Financial Crisis 32 Alton Kolbay PETFORM, Turkey Chapter 5 The Economic Crisis: The Result of Reducing the Systemic Links 39 Daniel Belingher, Bucharest Academy of Economic Studies, Romania Cantemir Adrian Calin, Bucharest Academy of Economic Studies, Romania

3 Chapter 6 The Effect of Crises on Leadership 50 Nazmi Qesmeci, Piri Reis University, Turkey Siileyman Ozkaynak, Piri Reis University, Turkey Deniz Unsalan, Piri Reis University, Turkey Chapter 7 Crisis Management in the Public Sector: A Blended Use of "New Public Management" and "Systems Thinking" 59 Unsal Sigri, Baskent University, Turkey Chapter 8 Historically Reading the Concept of Gender by the Dilemma of Heterodox-Orthodox Vision 69 Ilkben Akansel, Artvin Coruh University, Turkey Chapter 9 Major Factors Instigating Engineers to Shift their Career from Engineering to Management 80 Mahmood Shahid, University of Engineering and Technology Texila, Pakistan Shahrukh, University of Engineering and Technology Texila, Pakistan AH Sajid, University of Engineering and Technology - Lahore, Pakistan Section 2 Economic Views of the Financial Crisis Chapter 10 Role of Accounting and Audit in the Recent Financial Crisis 91 Alev Dilek Aydin, Marmara University, Turkey,/v, Chapter 11 Legal Effect of Economic Turmoil: Technical Insolvency Problem in Turkey...99 M. Ugur Akdogan, YMM, Turkey Chapter 12 Analysis of the Analytical Balance Sheet of Central Bank of Republic of Turkey during Period in Terms of Crises 110 Yildiz Ozkok, Hasan Kalyoncu University, Turkey Chapter 13 Financial Marriage of Convenience between China and the US: Sustainability of Dollar- Wall Street Regime in the Post-2008 Crisis 128 Oguz Dilek, Zirve University, Turkey Emre iseri, Kadir Has University, Turkey

4 Chapter 14 Are the Banks in India Comfortable on the Eve of Basel III? 145 Rituparna Das, National Law University Jodhpur, India Chapter 15 General Outlook on Financial Structure and Capital Adequacy of ISE-30 Companies during Economic Crisis ( ) 163 Deniz Umut Erhcm, Baskent University, Turkey M. Ugur Akdogan, YMM, Turkey Section 3 Analytical Views of the Financial Crisis Chapter 16 After 2008 Global Financial Crisis, Short-Term Dynamics of CDS, Bond, and Stock Markets in South Eastern European Economies: Evidence from Panel VAR Methodology 181 AH Sabri Taylan, Turkish Derivatives Exchange, Turkey Huseyin TatHdil, Hacettepe University, Turkey Chapter 17 The Effect of Index Warrant Trading on the Underlying Volatility in the Post-Crisis Period 195 Yusufl. Mugaloglu, Istanbul Stock Exchange, Turkey Chapter 18 The Impact of Crises: Evidence from the Istanbul Stock Exchange 209 Emre Ergin, Kocaeli University, Turkey Chapter 19 Crisis Effects on the Capital Structure Determinants for Manufacturing Companies 225 Osman Sahin, Turgut Ozal University, Turkey Chapter 20 Evaluation of the Export Efficiency of the Turkish Ceramic Industry during the Global Crisis using Data Envelopment Analysis (DEA) Method 241 Fiisun Yenilmez, Eskisehir Osmangazi University, Turkey

5 Chapter 21 The Reflections of the Recent Global Economic Crisis on the Turkish Tourism Sector: The Sample of Fairy Chimneys Area (Cappadocia) 250 Ali Yilmaz, University of On Dokuz Mayis, Turkey Semra Gunay Aktas, Anadolu University, Turkey Compilation of References 261 About the Contributors 283 Index 291