Fatih Özatay, PhD
Page 24 / 61
The debate on the reorganization of the BRSA and the CBT
My recommendation was either to transfer certain powers of the BRSA to the CBT or unite the two agencies. I have been receiving comments on my recommendation on a new…
How will be the mood in 2012?
Fund inflows towards Turkey have been rising. Should these circumstances prevail, 2012 growth can be considerably above the official estimate, 4 percent. Readers…
Before ships leave the harbor…
I am expecting contributions from other readers to publish here before ships leave the harbor. The search for a new monetary policy series recommended a new…
Inflation within the current picture...
Clearly, should the relatively positive climate that emerged along with the beginning of 2012 continues, Turkey’s inflation will be affected positively. Annual inflation…
The search for a new monetary policy (conclusion)
There are several ways to harmonize the policy tool devoted to ensure financial stability and to ensure price stability. Now it’s finally time for the last commentary of…
The search for a new monetary policy (5)
In order to ensure that the macro-prudential tool serves its purpose, the CBT is allowing the policy rate lose its influence as a policy tool. On Saturday, I stated that…
The search for a new monetary policy (4)
If the steps taken to launch the reserve requirement policy had not disturbed the policy rate mechanism, we would not have cared about this non-functionality. I am…
The search for a new monetary policy (3)
The policy rate and the macro-prudential policy tool shall counteract each other in order to prove fruitful. Here is the third commentary of the series. In the previous…
The search for a new monetary policy (2)
It would be a rational expectation that as real interest rate increases, consumption and investment expenditures, that is, demand and production, will decrease, and vice…
The search for a new monetary policy (1)
How can we rearrange the pre-crisis monetary policy to guard financial stability as well as price stability? My recent commentaries about monetary policy concluded on…
FED’s recommendations to the CBRT
We need to consider options to transfer certain powers of the Banking Regulation and Supervision Agency to the Central Bank. According to a story featured on Bloomberg…
We are not accustomed to this...
S&P has cut sovereign ratings of many Eurozone countries. Currently, ratings of three Eurozone countries are lower than that of Turkey. The new Spanish prime minister…