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Committee on Financial Stability
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If the euro is important, the game can somehow be managed
The euro is a serious matter; it is not just a currency. It is like the honor of Europe. How would you respond if you were asked, "in whose shoes would you like to be"?…
Some observations on the academic life -3
Under normal conditions, the number of courses one lecturer teaches in one academic year must not be more than four in research universities. There is a correlation…
Turkey not a model, but a source of inspiration for change
There are two types of countries in the Middle East, the ones that require demonstrations in their Tahrir Squares to initiate change and the ones that can use the ballot…
The Twist has ended
It is evident that raising reserve requirements do not push up the costs for banks. It is time to develop a new theory. Every dance ends. This is how I respond to those…
There are lessons to learn from what Portugal is called for
We have to learn lessons from what the IMF and the European Union calls Portugal for as prerequisite of the US$ 116 billion bailout plan. It is doubtless that the…
When will things (hopefully) get better in Syria?
It was about five years ago, I guess, when we visited Syria with a friend of mine who was getting ready to make an investment in the country. I remember our long…
Political polarization becomes structural
Unfortunately, the curtains did not close on the polarized state of politics with the 2011 elections. The elections were held safely and soundly. The Justice and…
What is the usual monetary policy?
What if the BRSA does not step in? If so, the CBT will have to settle with one intermediate target, that is the inflation target. My previous commentary on the possible…
Possible economic policy after the elections
FED's policy saves Turkey time to solve the accumulated problems. I was assigned the task of seeking an answer to the question "how the monetary policy will be shaped in…
Some observations on the academic life-2
If some studies had not been published, and fewer trees would have been cut and less paper would have been wasted. I addressed the disincentive mechanisms in the…
Turkey is still on the edge of the known world
Turkey is still on the edge of the known world. It is not inside but outside civilization. I do not know where in the world Turkey established its system. When I look at…