Two Astonishing Aspects of The New European Commission
Evaluation Note/ Nilgün Arısan Eralp 12/09/2019 - On 10th of September, the new European Commission President Ursula Von der Leyen has presented the commissioner designates put forward by the member states. They will go through the scrutiny of the European Parliament through the hearings to start from 30th September on. A negative assessment of the European Parliament by a two-third majority can prompt the withdrawal of a candidate, or a reshuffling of portfolios. Also the entire Commission needs to be approved by the Parliament by a single vote. This final voting will take place in October. The new [More]
Logbook of The Turkish Economy| Fifth Log
Turkish TARP: Answers to Frequently Asked Questions | Burak Dalgın, Güven Sak 11/09/2019 - We published two papers in April and May 2019 to make the case for a Turkish Troubled Assets Restructuring Program (“TARP”). Our main argument was that a public private partnership was needed to carve out toxic assets (non-performing and watchlisted loans) from bank balance sheets to ensure flow of credit and return to growth. Both papers attracted significant attention from policy makers, international financial institutions (IFIs), banks and financial investors. Based on our discussions, we are convinced that a well-designed model can bring toge [More]
Syrian Entrepreneurship and Refugee Start-ups in Turkey: Leveraging the Turkish Experience
26/08/2019 - A recent study of the Economic Policy Research Foundation of Turkey shows that Syrian entrepreneurs provide a living for 7 percent of the 3.5 million Syrians in Turkey. Over the course of eight years, Syrians in Turkey established more than 10,000 companies where an average of 7 people are employed and of whom 60 percent are Syrians. In relation, the average Syrian household size consists of 6 people. Hence, findings, although not with certainty, indicate that approximately 250,000 Syrians are benefiting from the advantages of employment by refugee-drive [More]
TEPAV Bulletin of Companies with Syrian Capital April 2019
12/06/2019 - In April 2019, the number of companies established with Syrian partner(s) decreased by 45 percent and the capital invested by the Syrian partner(s) decreased by 35 percent compared to the same period of the previous year In April 2019, 72 companies with Syrian partner(s) were established and the amount of the Syrian capital was 13 million TL. This represented a decrease by 45 percent in the number of companies established with Syrian partner(s) and 34.6 percent decrease in the invested Syrian capital compared to April 2018. Compared to March 2019, [More]
Logbook of The Turkish Economy: Fourth Log | Turkish TARP, But How?
Burak DALGIN, Güven SAK 23/05/2019 - In our previous note, we made the case for a Turkish Troubled Assets Restructuring Program (TARP) to restore flow of credit (and hence growth) and established key principles for such a program. In this paper, we propose a multi stakeholder governance model and specific structures for various types of troubled assets. We would like to stress the exponentially increasing cost of delay in taking action for Turkish banking sector, corporates and broader economy. Key principles Turkey is used to V-shaped recoveries with quick return to significant growt [More]
Videos
Time to Enhance The Customs Union Evaluation Note/ N. Murat Ersavcı
12/05/2019
Everyone seems to agree that the time has come to expand the Customs Union between Turkey and the European Union. A quarter of a century has gone by since it was launched at the start of 1996. At the time it was considered a step towards the
[More]TEPAV report “Syrians in Istanbul and Post-War Syrian Ghettos” just released
28/04/2019
Ankara – Findings of the project on “Syrians in Istanbul and Post-War Syrian Ghettos” was discussed on Thursday, April 18, 2019 at the Economic Policy Research Foundation of Turkey (TEPAV). Migration is an urban issue almost everywhere includin
[More]Ghetto, War Syrian Ghettos, Syrian,
2019 TEPAV Summer School The deadline for applications is 24 May, 2019
08/04/2019
As TEPAV, we are accepting applications for our 2019 Summer School Program.
We offer successful undergraduate and graduate students, as well as the recently graduated a chance to gain experience and improve themselves in the fields TEPAV is act
[More]Summer School,
Logbook of The Turkish Economy – Second Log Reensuring Flow of Credit To Return To Growth: The Case For A Turkish Troubled Assets Restructuring Program / Burak DALGIN, Güven SAK
05/04/2019
Over the past decades, Turkish economic growth was fueled by availability of credit. A potential credit starvation poses a significant risk for the private sector, which has been the main beneficiary of the last decade. In order to avoid a
[More]Trade Wars: Strong-Arm Tactics By The Trump Administration Bozkurt Aran, Director of TEPAV Center for Multilateral Trade Studies
25/03/2019
The threatening winds of change have forced the global architecture of the last seven decades to create new ground rules necessary to regulate new issues of services, e-commerce, and cross-border data flows. A huge task by itself nowadays, the p
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