Fatih Özatay, PhD
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Breaking the routine
We owe the Central Bank a debt of gratitude for pursuing the second option. Is human mind so advanced to come up with a theory that will never change? Please leave the…
Dwarf stars
Growth performance since 1950 was inadequate to close the income gap between developed countries and Turkey. The last general elections were in 2007. On the eve of next…
Interest rate decision was necessary but not sufficient
The measures introduced by the Central Bank are not sufficient. It appears that the decisions announced by the Central Bank of Turkey (CBT) will be highly debated. On…
New era in monetary policy
Which option should Turkey pursue to overcome the trouble caused by developed countries? The latest Financial Stability Report (FCR) by the Central Bank of Turkey (CBT)…
If you obstinate with the market, you will become a plaything
European leaders' inability to make decisions until the last minute gets reactions. Take a look the conditions facing the European Central Bank. It has to purchase the…
Growth performance is pleasing, but then what?
Then, locomotive of growth can only be domestic demand. On Friday we heard the growth figures for the third quarter of the year. Both the industrial production figures…
Growth disrupts estimates
Data revealed that in October industrial production regained the pre-crisis level. This is the week of two important indicators: industrial production index for October…
Why the inflation rate in the USA does not rise?
Monetary expansion does not happen via banknotes raining down on the streets. I have previously mentioned that during the global financial crisis Federal Reserves (FED)…
Fight in words
Measures voiced in the debates on hot money flows should not be considered as unilateral. The news-story of two pages prepared by the Finance Service was titled 'Fight…
A page in history
It is stated that one of the major factors that triggered the crisis was high interest rates in Germany. We should not be surprised of the developments in the European…
Merkel and Sarkozy's actions
'Academic research reveals that market attacks take place also without a valid cause.' Recent developments in the EU brought forward the alleged meeting between…
What comes with FED goes with FED
'FED's balance sheet will not remain at this size. Neither will the interest rates.' One distinguishing feature of the year 2010 when Turkey is concerned is that foreign…