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What’s with the Boğaziçi zombies?
The draft shows us that all has been quiet on the YÖK front since its establishment. Last week Radikal had an eye catching headline “One thousand zombies at Boğaziçi…
How can Turkey buy into the federal Syria idea?
The opposition groups in Syria are still in disarray. Since most of the political and military organizations are “fabricated,” there is no prospect for a united…
Obama, Fitch and the value of the lira
The investment grade will most certainly put a downwards pressure on exchange rate and an upwards pressure on the current account deficit. At the end of the latest…
Exchange rate and headline inflation
The direction to which the headline inflation will heads relates basically to that exchange rate will head. Inflation statistics for October were no surprise: consumer…
Let’s urbanize our agricultural policy already
Turkey’s agricultural policy framework concentrates on rural development rather than on the productivity of the sector. The majority of the voters, however, now live in…
Spending on durables qualifies as consumption?
Some of the common macroeconomic models take the expenditure on durables as investment expenditures. Does the spending on durable goods such as refrigerators, washing…
Turkey’s economic growth stuck between Hamas and PKK?
Turkey could not enact an effective legal framework to combat terrorist financing. I was at a meeting with a group of officials from the European Investment Bank (EIB)…
So this is the free floating exchange rate regime, huh?
Under the floating exchange rate regime, the exchange rate is expected to float. If it does not, the banking system that cannot sense risk accumulates risks. The world…
Indicators of dual character
The growth rate in the third quarter will most likely be below the unpleasing growth rate of the first half of the year. Foreign trade statistics for September were…
How does the PKK act like a state in Syria?
U.N. special envoy Lakhdar Brahimi called for a truce in Syria during Eid al-Adha, or the Feast of the Sacrifice. His call was received with prejudice by all sides, who…
October was not different
I don’t see any sign of a revival in industrial output in October compared to the third quarter. Capacity utilization ratio (CUR) in industrial sector for October was…