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Current Approaches in Social Sciences

Edited By Rasim Yilmaz, Günther Löschnigg, Hasan Arslan and Mehmet Ali Icbay

Current Approaches in Social Sciences is a collection of research papers on a wide range of social issues written by researchers from several different institutions. The book will appeal to educators, researchers, social students and teachers of all subjects and of all levels, who wish to develop personally and professionally. It will also be useful to all those who interact, one way or another, with both students and teachers in a social context.


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Developments Beginning From The Istanbul Stock Exchange To Borsa Istanbul (Mehtap Karakoç)


Mehtap Karakoç1 Developments Beginning From The Istanbul Stock Exchange To Borsa Istanbul Introduction In 2013, Turkey has witnessed some significant changes in capital markets. Capi- tal Markets Law numbered 2499, which constitutes the legal foundation of capital markets, and the Statutory Decree about the Stock Exchange Market numbered 91, which was introduced in order to organise the stock market exchanges in 1983, were abolished with Capital Market Law numbered 6362. In order to bring the present arrangements in the Capital Markets area into conformity with European Union (EU) legal acquis, the New Capital Markets Law numbered 6362 was published in the official gazette on December 30, 2012. There- fore, the Istanbul Stock Exchange (ISE) was restructured as an incorporation where some parts of its shares belong to the Treasury and is subject to special legal decrees. The Borsa Istanbul Incorporation was established and was registered into the trade registry on December 30, 2012 when the Law took effect within the frame of the 138th item of the Capital Markets Law and went into act as the prime contract was registered on April 3, 20132. Thus, the ISE, Istanbul Gold Exchange, and the Futures and Options Market (TURKDEX) joined forces under the roof of Borsa Istanbul. Borsa Istanbul, which has taken significant steps to be a powerful stock market, became the second most winning stock market in the world with a percentage of 52% in 2012 in accordance with the data of the World Federation of Exchanges (WFE). By June...

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