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World Economic Outlook from a short-term perspective
Concerning Turkey’s major trading partners, growth estimate was revised down by 0.2 points for European Union and by 0.3 points for Middle East and North Africa. The…
MPC decisions in April meeting
The Monetary Policy Committee of the Central Bank (MPC-CB) held its April meeting yesterday. The MPC decided to cut the policy rate and the interest rate corridor by 0.5…
Why would I bother with VC finance if I can put a plaza up over here?
You cannot develop breathtaking innovations if the legislation on intellectual property rights is not accompanied by a functional court system I heard this the other…
Monetary Policy Board convenes
Will the MPC reduce the policy rate? It might, by 0.25 points if it decided to cut the interest rate corridor. But it would be quite difficult to explain the grounds.…
Welcome back to Israel
I was back in Israel this week. And I have to confess; it is good to be a Turkish traveler in Israel nowadays. Many ordinary Israeli citizens had the same reaction when…
Targeting real exchange rate and reducing volatility
The exchange rate regime almost becomes a pre-determined fixed-growth exchange rate regime. Before the latest shower of data, I was talking about a severe economic…
If the US economy is ailing, why is the demand for $100 bills increasing?
Eighty-five percent of the dollars in circulation are in non-American pockets. There is no better confidence indicator than this. The Federal Reserve, or just "the Fed,"…
Possible scenarios of the government-PKK negotiations
Turkish Prime Minister Recep Tayyip Erdoğan’s government is pursuing an Abdullah Öcalan-centered policy to resolve the Kurdish question. This policy not only empowered…
Caution against over-information
I just want to stress that we have to be cautious and avoid over-excitation when using seasonally and working day adjusted series. Last time I said over-information…
Are the signals clearer?
With the industrial output growth in February, however, those signaling the start of a moderate recovery are stronger now. The most popular question lately is whether or…
Why Kurdish politicians should start learning the language of development
Turkey is in a process of reconciliation. After 30 years of armed Kurdish uprising, the country is in a state of cautious optimism. This is Turkey’s second attempt in…