Blog
Page 107 / 164
What is the purpose of technoparks?
The Turkish university system lacks the institutional infrastructure to transform research into technology. Turkey now has a Ministry of Science, Industry and…
Hope is the poor man’s bread
Hope is the poor man's bread, but it will be wise to draw lessons for Turkey's fiscal policy. The impact of the global financial crisis on production and employment…
Weakest link in Turkish economy?
So that is the question nowadays, especially after Central Bank Gov. Erdem Başçı's remarks about foreign exchange short positions. It was the super growth performance of…
What type of communication policy?
The rationale of the decisions of the CBT could not be understood. Therefore, one fails to estimate in which direction which tool will be employed next. It was assumed…
Orphanages now are almost completely abandoned.
Orphanages are to be handed over to the Special Provincial Administrations. This brings to mind the localization of the Directorates of Rural Services. We will…
Two mistakes
The crisis thought the CBT that ensuring price stability alone could not be the only objective of the central bank and that the scope of the monetary policy must not be…
Guidelines for beginners to understand civil-military relations in Turkey: Part I
Last week's generals' resignations received wide coverage both by media and on the agenda of the political elite. So much attention could be extraordinary for some…
Monetary policy is not a panacea
If you face difficulty in deciphering the meaning behind the actions of the Central Bank, then the Central Bank is not doing its job properly. Years ago when we were…
How to explain?
If the CBT aims to ensure price stability and financial stability at the same time, it must deliver remarks separately in relation with these two purposes. On Saturday I…
Is it good to have a maverick central bank?
No, it is not. If you are a normal market participant and you feel left out in deciphering the meaning behind the recent actions of your central bank, obviously, the…
The decisions of the CBT are self-consistent
The decisions of the CBT are not contradictory. Again chaos is about to erupt. Global risk appetite decreased sharply in the last two days. European and US stocks…
Turkey has budgetary problems
Countries that have control of their budgets can stem the current while those that fail to control their budgets go adrift. You cannot treat a disease you cannot…