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Guidelines for beginners to understand civil-military relations in Turkey: III
From the first days of the Justice and Development Party, or AKP, rule onward, Prime Minister Recep Tayyip Erdoğan knew that some generals were not happy with the new…
Why don’t we leave the exchange rate on its own feet for now?
In the current milieu of high uncertainty, the CBT must refrain from implying preference for a certain level of exchange rate. It is for sure possible to evaluate the…
Is the US$ 1.2 trillion bank bailout bad?
On the eve of the Second World War, although ten years had passed, the Depression of 1929 still had not come to an end. Most likely this business will continue; it would…
Without QEIII more troubles ahead for Europe
For some time now, we are living in times when portfolio decisions are made by looking at nothing other than the wristwatch. This is one of those "all that solid melts…
Room for maneuver
It is useful to spare some part of budget revenues in good days, considering rainy days ahead. I was talking about the budget burden of the measures that G-20 countries…
The banking sector is the guarantor of stability.
A solid banking sector is a must for the sake of the real economy. It was the self-devotion of the banks that limited the damages during the 2008 crisis. The Central…
Guidelines for beginners to understand civil-military relations in Turkey: II
In 1999, the generals fully supported the government in making Turkey's ambition for EU membership a "state policy". They demonstrated their will by including that…
Commenting on the exchange rate
In countries like Turkey, the officials of central banks had better not comment on exchange rate or imply a certain level. In countries like Turkey, the officials of…