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Guidelines for beginners to understanding civil-military relations in Turkey: Part IV
Today I will focus on how the developments mentioned in the previous analysis affect the Turkish Armed Forces, or TSK. Understandably, the AKP government and its allies…

Inflation and credit supply
During 2011, the difference became close to zero. In the last couple of months, however, the two indicators started to differentiate again. I will make a brief…

In whose shoes I would never like to be?
The fact that the number of persons in whose shoes no one would like to be is increasing implies that we are in a process of deep transformation. Nowadays, I do not know…

Reducing the debt
If Turkey wants to take more efficient measures against unemployment in rainy days; it has to create a larger room to maneuver in advance. Emin Dedeoğlu, a friend of…

Karl Marx in corporate boardrooms
If Marx was right in his opening remarks of "The Eighteenth Brumaire of Louis Bonaparte" in 1852, then is he in trouble? Remember the opening lines? "Hegel remarks…

What a contrast!
It is wrong to issue decrees that will confuse investors instead of taking steps to ensure that the new Turkish Commercial Code (TCC) functions properly. The parenthesis…

Asymmetry
If you comment so much on the exchange rate, you will be stuck in a difficult position when circumstances change. I have been chattering about 'commenting on exchange…

Looking ahead to a speech
Markets are looking ahead to the meeting Fed President will be holding with a group of central bankers and academics. All eyes were on FED President Bernanke who was…

The Chilean Winter is not so different from the Arab Spring
Throughout the world, the middle-class has a problem. From this perspective, the Chilean Spring is not so different from the Arab Spring. Camila Vallejo Dowling was born…

End of Mickey Mouse state in Libya
Libya is one of those countries where two cultures meet with each other in a rather visible fashion. Do you remember the opening observations of Trotsky in "Russian…

I want to read news about innovation
Making local authorities compete for industrialization is one of the best aspects of the Chinese model. These days the news in the papers has been depressing me. One…

When is it wrong to comment on the exchange rate?
In periods when risk appetite decreases, central bank officials should not comment on the exchange rate. I have been arguing that in the current climate of high…