{"product_id":"9783032017673","title":"The Demand for Alternative Finance Evidence from the Turkish Savings Finance Sector","description":"\u003ch1\u003eThe Demand for Alternative Finance\u003c\/h1\u003e\u003ch2\u003eEvidence from the Turkish Savings Finance Sector\u003c\/h2\u003e\u003ch3\u003eMurat Ustaoğlu | Ferda Yerdelen Tatoğlu\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Industries \/ Financial Services\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eThis book explores the Savings Finance model in Turkey, an interest-free financial system grounded in interest-free finance principles that came into being in the 1990s as an ethical alternative to conventional banking. The study examines the operational mechanisms of the model, particularly the collective savings pools for housing, vehicles, and workplaces. These pools circumvent the use of fixed interest rates by employing profit and loss sharing and managed fund pools. The book integrates theoretical analyses of interest-free finance and global models, such as ROSCAs, with empirical data from a nationwide survey of 662 participants. It assesses factors including public trust, theological sensitivities, and demographic influences on financial preferences.\u003c\/p\u003e\r\n\u003cdiv\u003eThe book discusses the sector's legal framework, operational mechanisms (including inflation-protected and lottery-based models), and its socio-economic impact, highlighting challenges like balancing religious norms with cost competitiveness. It also assesses awareness gaps and strategies to enhance institutional credibility. The book's comprehensive collection of cross-tabulated demographic data and quantitative analyses renders it a valuable resource for scholars of interest-free finance, economists, policymakers, and professionals interested in ethical financial systems. It offers critical insights for those exploring how cultural, religious, and regulatory dynamics shape alternative finance in emerging markets.\u003c\/div\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan data-olk-copy-source=\"MessageBody\"\u003eMurat Ustaoğlu\u003cspan class=\"x_apple-converted-space\"\u003e \u003c\/span\u003e\u003c\/span\u003e\u003c\/strong\u003eis a Professor of Economics at Istanbul University, holding a Ph.D. (2013) and earlier degrees from Ramapo College and City University of New York. A former banker (Bank of New York and JP Morgan), he has held visiting positions at the London School of Economics, City University of New York, and the University of Toronto. His prolific research spans macroeconomics, finance, and AI in economics, with numerous books and journal publications. \u003c\/p\u003e\r\n\u003cp\u003e\u003cstrong\u003eFerda Yerdelen Tatoğlu\u003c\/strong\u003e is a distinguished Econometrician and full Professor at Istanbul University, renowned for her expertise in panel data and spatial econometrics. Author of pivotal texts like \u003cem\u003ePanel Data Econometrics\u003c\/em\u003e and contributor to journals such as \u003cem\u003eRenewable Energy\u003c\/em\u003e, her interdisciplinary research spans energy, public policy, and health economics. A founder of Omega Analiz, she merges academic rigor with practical innovation in global econometric applications.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e12 October 2026\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eSpringer Nature Switzerland\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003ePalgrave Macmillan\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9783032017673\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003ePaperback softback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e30\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":63414267216012,"sku":"9783032017673","price":40.49,"currency_code":"USD","in_stock":true}],"url":"https:\/\/lateknightbooks.com\/products\/9783032017673","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}