Linking Turkish Credit Card Market as Two-Sided Market

8th International Strategic Management Conference -- JUN 21-23, 2012 -- Barcelona, SPAINCredit Card markets are special kind of market which is called as Two-Sided Markets in economics literature. In these markets there are two sides which benefit from the number of subscribers on other sides. Although scholars and economists has given importance and examined two-sided markets since the beginning of 21th century Turkish scholars have not interested much about these markets. We studied Turkish Credit card market by using Two-sided markets approach and also we aimed to contribute literature that is poor about Turkey Two-Sided Markets. We defined actors and competition structure in Turkish credit card markets and explained profit functions of them and set profit maximizing problems.Beykent Univ Istanbul, Gebze Inst Technol, Emerald Publishing Grp, Elsevier Ltd Publishing Gr

The Role of Credit Default Swaps on Financial Market Stability

AbstractThe role of credit default swaps (CDS) in the financial crisis has been debated among regulators, market participants and academics since early 2008. CDSs are derivative instruments which enable market participants to transfer or redistribute credit risk. However, the size of the CDS market, combined with its structural opacity, concentration and interconnectedness, may be a sign that the CDS market also poses a systemic risk to financial market stability. The purpose of the article is to investigate the role of credit default swaps on financial market stability. The impact of credit default swap markets on financial market stability crucially depends on market mechanisms, and capital- liquidity requirements in financial markets