Have you visited seen Gaziantep or Diyarbakir? If you have, you can notice that the former is rich and the latter is poor. When I first visited...

  The excess liquidity and low interest rates in developing countries is a source of trouble for developing countries including Turkey. And it...

  In developed countries interest rates vary at quite low levels. Table 1 shows the returns on two-year treasury bills in selected developed...

  Until some time ago, the day when the inflation figures were announced had a special importance for me. I waited the announcement with excitement...

  Turkey acknowledged this with the banking crisis of 2001. Before the crisis everyone through that everything was normal. There existed a false...

  Central Bank of the Republic of Turkey (CBRT) was to reinitiate regular FX (foreign exchange) purchase tenders. However the announced statement...

  Yesterday I tried to explain the decision of the Central Bank of the Republic of Turkey (CBRT) on a new FX purchasing system. Now it is time to...

  On Friday the Central Bank announced an important decision on FX purchase tenders. In the former system, daily purchase limit was US$80 million....

  What is the first thing that comes to your mind about Pakistan? For instance, it might be the destruction caused by the recent flood disaster. The...

  Capital movements are free in many countries for long. Substantial FX trade is carried out every day. Purchase and sale of different currencies...