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Why do we need additional measures?
We can expect to hear new policy decisions. I am looking for an answer to the question I put on Monday: Will the measures introduced by the Central Bank of Turkey (CBT)…
An unmanaged economy accumulates risks
2011 will be the year to avoid behaving like Procrustes. Administrators had better be cautious. 2011 will be a year requiring cautious economic administration. As…
Distinguishing feature of the economy in 2010
Different than 2008 and 2009, current account deficit was financed through short term fund inflows in 2010. Now it is time to answer the question on the most…
Some distinguishing features of the economy in 2010
What is the unchanging characteristic of Turkey's economy? When you think about the most distinguishing feature of the year 2010 considering Turkey's economy, the…
MOBESE doesn’t count
Investment on MOBESE for instance are also counted as public expenditure. Recently the Honorable PM of Turkey, Tayyip Erdoğan, visited Mardin, I guess. What happened was…
Rapid credit expansion
There is bulk of evidence that rapid credit expansion is risky. The pace of expansion of bank credits is really dazzling. Today I want to examine the movements in credit…
Where can Turkey go with this zero-reform policy?
There is a big difference between pre and post-2007 Turkey. Leaving behind the politically and economically unstable country image, Turkey started the second millennia…
World War I has ended just in 2010.
How will 2011 be for Turkey's economy? What will be the determinant factors? We are on the eve of the year 2011. So it is time for us to think what the new year is about…
A criticism about the CBRT
I know no academic research stating that current accounts are a tool for monetary policy. On Thursday I dealt with the recent decision of the Central Bank of the…
The sin of CBRT
What are the risks incurred by the latest TCMB decisions? With latest decisions the Central Bank of the Republic of Turkey (CBRT) has been trying to establish a monetary…
Silence of the east augurs no good.
The problem is not limited to Southeastern Anatolia.; it seems industry did not visit the said part of the country. The era of shouting about the Kurdish issue was ended…
Breaking the routine
We owe the Central Bank a debt of gratitude for pursuing the second option. Is human mind so advanced to come up with a theory that will never change? Please leave the…