Fatih Özatay, PhD
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2010 and 2011: Scenario of spinning
National income figures for the first year of 2009, for which everyone expected a serious contraction, has been announced last Tuesday. Figures were as expected: economy…
Growth rates in 2009 and 2010
Growth rate for the first quarter of 2009 will be announced this Tuesday. The announcement will not involve anything new. Everyone knows that the figures to be announced…
Others’ crises, our crises
We have been spinning in terms of economic policy to a certain extent since 2006 but more prominently since 2007. For instance in 2007 public budget deficit started to…
Misfortune for us, fortune for monetary policy
With respect to the global crisis, it appears that the worst part is most likely over. With respect to employment and growth, however, it becomes apparent that the…
Correct policy, wrong outcome
There is a consensus among most economists on the future of the global crisis: we left the worst part behind. The disagreement is about the pace of the recovery to be…
Non-performing loans
The second set of measures announced this week was directed to credit cards. As per the new decision, debt of the credit cards which turned to be non-performing after…
Thoughts foreign exchange credit gives rise to
Over the period from the beginning of June important economic decisions have been announced. I believe that the mentioned decisions are favourable in general. However,…
Is it necessary to sign an agreement with the IMF?
Current state of affairs in Latvia proposes solid grounds for those who consider not signing an agreement with the IMF and who recommend us not to sign an agreement with…
High interest rate policy of the USA
Some developments about the Treasury bill market of the USA and the news about the said market has become quite interesting lately. Interest rate of long term USA bills…
While everyone is moving in the right direction…
FED President Bernanke's speech delivered in the House of Representatives budget committee was quite interesting. His speech was addressed in Turkey under the framework…
Latest developments
Table 1: Automobile production and import levels (units) January February March April May Automobile production 2008 61507 60868 64973 65610 63931 2009 23838 30192 37125…
Short term –long term dilemma
Among the important economic factors that will put its mark on the medium term the first is that there is a high risk abundant global capital seen before the crisis…