Fatih Özatay, PhD
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Interesting developments
The global financial system is facing a tough challenge. On Tuesday significant drops were seen both in European and US stock exchanges. It is doubtless that such sharp…
The two crises and confidence
I will continue 'the story of two crises' series. My target is to draw some prospective lessons. The lessons to drag will be shaped on the basis of the answers to these…
Is it contagious?
We first became the expert of the US economy, and now Greek economy. We cannot stop writing a commentary on the state of affairs in Greece occasionally. The last…
Again on the problems of the neighbor...
Almost a month ago favorable news on Greece spread around. Also at this column I wrote a commentary with the title 'Greece will take a deep breath, but will not be in…
Export structure and global crisis
One of the main reasons for the contractionary effects of the global crisis in 2009 was the fall in the demand for Turkey's exports. Steep reductions in Turkey's exports…
Do export markets of Turkey diversify?
On Monday at this column I reached the conclusion that export movements during the 2001 crisis and the global crisis were quite different. In the 2001 crisis real…
Export story of the two crises
We continue to our journey: today we will examine the changes in export volume during the 2001 crisis and the global crisis. Commenting on the past developments is…
Foreign fund story of the two crises
I will continue with the comparison of 2001 crisis and the global crisis. Previously I compared the two in terms of unemployment, inflation, and production. Unemployment…
What does the statement by the Central Bank imply?
Yesterday, Central Bank of Turkey (CB) made important statements. How will the changes to be implemented in the monetary policy in the context of this statement affect…
Making things harder for themselves
In some cases it becomes too hard to fight with inflation by changing interest rate policy. This applies particularly for the periods where inflation rate increases in…
Society’s memory can sometimes be too strong
I noticed a story when I was reading the papers on Saturday: at the opening ceremony of a kinder garden in Mardin, a protocol member gives money as a prize to the…
Inflation story of the two crises
Let me say it at once: changes in gross domestic product (GDP) after the 2001 crisis and the 2008 crisis are completely in the opposite direction with the changes in…