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The pursuit of transparency (2)
Yes, the Central Bank of Turkey has multiple objectives. Does it have any list of priorities? Do circumstances affect the priorities? The high current account deficit…
Turkey cannot prosper by exporting rebar
The shares of high-technology exports in total exports are 20 percent in Korea and 3 percent in Turkey. Turkey has been a middle-income country ever since I am able to…
The untold story of Turkey’s soft landing
The contribution of domestic demand to growth has declined to 10 percent, from above 50 percent. I was recently talking to business people interested in green field…
Would Turkey get the rating upgrade anyway?
If unemployment rate were 10 or 10.5 percent today, would Fitch still upgrade Turkey to the investment level? Many developed countries have still been fighting with the…
Why was he not using the sidewalk, you say?
Ankara will not become a developed city just because the municipality hangs advertisements on billboards everywhere claiming that it is indeed a developed city. The…
The pursuit of transparency (1)
Although certain monetary policy models go out of date and are replaced by more fashionable ones, transparency was never abandoned as a principle. Looking at the last…
Erdoğan and his capacity to manage the PKK problem
The management of the PKK problem by the Erdoğan government is more difficult and costly compared to the early years of the AKP rule. The behavior of the Turkish…
The total value of bounced checks has doubled
Anatolian tradesmen and industrialists feel the economic slowdown the most. We are going through an interesting period. Turkey’s economy has been slowing down in a…
What steps will the Central Bank take next?
The only factor that could possibly limit foreign exchange inflows towards Turkey and its peers is the risk of a fiscal cliff in the US. Here is a quote from the Central…
More female CEOs in Turkey
When education and income barriers are passed, women tend to be more active as employers. What first comes to mind when defining Turkey? I suppose it must be the duality…
Industrial output growth was no surprise
Economic recovery in the fourth quarter is probable; but it appears that the recovery, if any, will start at best in November. At times, when I say “I will address this…