Fatih Özatay, PhD
Page 44 / 61
As bells of trouble ring
Signals for trouble are gaining ground. In this milieu it will be useful for us to learn lessons from the last two crises. Unfortunately if troubles gain more prevalence…
Initial conditions are quite different
Yesterday at this column the results of the comparisons for the two crises I have made until today were summarized. The comparisons focused on what happened during and…
Same outcome, different causes
Since the beginning of April, I have been frequently comparing the developments in the aftermaths of the 2011 crisis and the global crisis. Today I want to summarize the…
10 Percent: Easy come, easy go
At the beginning of the week the press featured a statement by Honorable Prime Minister. The statement said that unemployment rate which stood at 14.5 percent in January…
We are finally back on the real agenda
The high level of unemployment in Turkey was one of the main issues Kemal Kılıçdaroğlu, Chairman of the Republican People's Party (CHP), highlighted in the historic…
Will the credit expansion continue?
I have previously shared my growth estimates for 2010. If the assumptions in my basis scenario hold, growth rate in 2010 was expected to be between 3.8 percent and 4.9…
Only an equation?
I believe that the recent developments in the European Union should have thought us that fiscal rule is not only an equation. In the Eurozone member states cannot exceed…
Exchange rate and exports in the last two crises
Many economists argue that the problems facing Greece can no longer be solved via fiscal discipline and foreign credits. The underlying justification of such views is…
Exchange rate and GDP in the last two crises
I am going back to the "in the last two crises" commentary series. Today's topic is the exchange rate movements. I want to analyze how much the Turkish lira depreciated…
Dilemma of the President of ECB
Would you like to be in the shoes of the President of the European Central Bank (ECB) Mr. Trichet? I believe the answer of those who follow the recent developments would…
Great EU 'leaders'
European Union (EU) is suffering from a severe leadership problem. They are doing everything contained in the 'not to do list for a financial crisis'. They still could…
Which EU?
For a while how I have been writing a series of commentaries with the theme 'in the last two crises'. I will continue with this series. But I am not sure what the 'last…