@article{2019,title={ANALYSIS OF FACTORS EFFECTIVE IN DERIVATIVE PRODUCT USE IN TURKISH BANKING SECTOR},abstractNode={The aim of this study is to determine the effects of macroeconomic variables that may affect foreign exchange swap transactions, which constitute the largest share of derivative products in Turkish banking sector. The determination of macroeconomic variables that affect the use of derivative products of banks is of great importance in terms of revealing the dynamics of derivative product use of the banking sector. In this study, it is tried to determine whether there is a relationship between macroeconomic variables and foreign currency swap transactions and which macroeconomic variables can be effective in foreign currency swap usage by panel data analysis. In the study, independent variables were determined in addition to literature studies and variables that could affect the amount of foreign currency swaps. As a result of the literature studies, market risk, interest rate, exchange rate volatility, off-balance sheet risks, inflation and TL deposits of banks were determined as independent variables. As a result of the literature studies, market risk, interest rate, exchange rate volatility, off-balance sheet risks, inflation and TL deposits of banks were determined as independent variables. As a result of the study, the variables that negatively affect the use of foreign currency swap amount were off-balance sheet risks, TL deposits of banks and inflation, while the variables that positively affected were market risk and exchange rate risk. No statistically significant result was found between interest rate and foreign currency swap usage. In the literature studies, it was found that the parameters used in the study had different effects in both domestic and international analyzes. These differences; The economic conjuncture in the periods subject to the study may result from the differences in the economic structures of the countries, the financial structure of the banking sector and the practice of the banking sector. In recent years, both in Turkey and also as a result of developments in yurdışına markets, Turkish banking sector foreign currency swaps related to manifest the relationship of macroeconomic parameters, it is thought that the banking sector might be useful to work in terms of decision-makers.},author={Serdar KUZU-İsmail Erkan ÇELİK},year={2019},journal={Turkish Studies-Social Sciences}}