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The bankers’ job is to do banking; the administrator’s job is to administrate
Turkey owes its successful recovery performance to the banking system. However, these days we are angry at the banks. The growth figures for 2010 have been announced.…
Possible outcomes of the efforts towards fiscal discipline
The extraordinary recovery performance can be utilized to get prepared for the rainy days. To remedy the rise in the unemployment rate and the fall in production during…
Different aspects and breaking the routine
We then came to discuss that inflation targeting regimes must aim to promote financial stability as well as focusing on the inflation and the production gap. After I…
The green revolution is closer
The risk of a nuclear disaster caused by the earthquake, if not the earthquake in itself, have shaken the core the belief that nuclear energy is "very safe." The…
What surprise?
When you make clear facts a matter of debate, you cannot save time to focus on the actually debatable dimensions of the decision. I had no doubt that we are living in a…
Earthquakes are beneficial to the economy
The money circulation in the markets increases in periods following an earthquake. Immediately a rapid fund transfer mechanism steps in. I read the following years ago…
Economic problems ahead for Egypt and Tunisia
Turkey is facing the same medium and long term problems with Egyptian and Tunisian friends making effort towards democratization. Seventeenth annual conference of the…
On the budget
We could have tightened the budget further to save means for rainy days and to reduce the current account deficit. We still can. The budget balance is affected severely…
Does the Libyan path lead to Iran?
This time it would be wise to adopt an optimistic caution. The need for an export insurance mechanism in Turkey is increasing. Our neighborhood has been a mess for some…
From 'how to raise credit volume' to 'how to reduce credit volume'
Two and a half years ago I was seeking to identify how the volume of credits bank extend could be increased. Currently I am thinking through how the latest decisions by…
Have you noticed the change in the price tags?
The new and fast growing trend among publishers to print the prices on the back cover again is evidence of the fact that Turkey is rapidly losing its inflationist…
Finally
If the CBT had done the statement on Tuesday right after the debates had emerged, it would strengthen its prestige. I had omitted the last two paragraphs of my…