Considering Istanbul As A Financial Center: Targets, Following Steps
Ahmet Selçuk D
ZKIRICI

Abstract
It is aimed to consider Istanbul as a financial center in the study due to the plans carried out recently by both government and local administrations to transform it first into a regional later a global financial center. Therefore; financial markets and some financial centers -within international, national, regional and specialized levels- such as London, New York, Hong Kong, Singapore, Dublin and Dubai are examined by analysing their characteristics and facilities. Afterwards Istanbul’s facilities are reviewed by scanning “The Strategy and Action Plan for Istanbul International Financial Center” existing in project stage. It is considered that Turkey and so Istanbul (admitted as economic capital of Turkey) have competitive advantages within the sectors of services, trade and finance in Eurasia region due to the positive effect of political and economic experiences have been gained recently. But, at the present time, it is concluded that Turkey’s and Istanbul’s facilities are not available to be a global financial center but a regional one, by specializing in the fields of “interest free financing”, “private equity” and “carbon finance” also operating in many other fields, as a result.

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