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The illicit has become legitimate, the legitimate is illicit
Do you remember the suras of apocalypse that Nazım Hikmet wrote? The beautiful poem that goes, 'There have been many presages, the time has come/The illicit has become…
Turkey’s exports in Euro and Dollar terms
We must admit that the current problems of the European Union (EU) furnished us with a lot of material to write on. One among these was that Turkey's exports will be…
Greece is the symbol of the indigestion problem of the European Union
Europe's problem continues. And its nature changes as it continues. The other day the issue was about BNP Paribas. Everyone's heart almost stopped when the credit rating…
How will this accident affect oil prices?
While we suffer from our problems over here, we might be thinking our problem is the primary concern of the US, as well. Let's be realistic. The primary concern of the…
Keynes: Dead and alive
Recently a significant discussion has emerged among members of governments in developed countries and famous academics. Shall countries initiate fiscal policy tightening…
A six-item export policy proposal
My last two commentaries started with the risk that the recent developments in the European Union affect Turkey's exports adversely. In particular I was interested in…
Exports, exchange rate and the Central Bank
I was concerned about what Turkey can do to improve its export performance taking departure from the risk that the developments in the European Union affects Turkey's…
Is belt-tightening in one country the same as doing so in all countries?
There is a serious discussion in the international world of economics, nowadays. Are you following it? There are the ones that support the Chicago school, like Raghuram…
Future problems of Turkey’s exports
Last week I participated into a meeting organized by the Undersecretariat of Foreign Trade. The theme of the meeting to be discussed by a limited number of bureaucrats,…
Recent developments in production and foreign fund utilization
This week data on two important indicators were announced: industrial production index and balance of payments in April. So today I would like to evaluate the recent…
How did the bus number 187 get painted in Stalin?
Just like here, they place enormous billboards on buses that are used for local transportation in Russia, too. The citizens of former Leningrad, now Saint Petersburg are…
Are flying fish rare?
I talked about this before, but not in detail. Last September a roundtable meeting organized by a Brussels based think tank and IMF was held with limited participation.…