Güven Sak, PhD
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Is the US$ 1.2 trillion bank bailout bad?
On the eve of the Second World War, although ten years had passed, the Depression of 1929 still had not come to an end. Most likely this business will continue; it would…
Without QEIII more troubles ahead for Europe
For some time now, we are living in times when portfolio decisions are made by looking at nothing other than the wristwatch. This is one of those "all that solid melts…
The banking sector is the guarantor of stability.
A solid banking sector is a must for the sake of the real economy. It was the self-devotion of the banks that limited the damages during the 2008 crisis. The Central…
What is the purpose of technoparks?
The Turkish university system lacks the institutional infrastructure to transform research into technology. Turkey now has a Ministry of Science, Industry and…
Weakest link in Turkish economy?
So that is the question nowadays, especially after Central Bank Gov. Erdem Başçı's remarks about foreign exchange short positions. It was the super growth performance of…
Orphanages now are almost completely abandoned.
Orphanages are to be handed over to the Special Provincial Administrations. This brings to mind the localization of the Directorates of Rural Services. We will…
Monetary policy is not a panacea
If you face difficulty in deciphering the meaning behind the actions of the Central Bank, then the Central Bank is not doing its job properly. Years ago when we were…
Is it good to have a maverick central bank?
No, it is not. If you are a normal market participant and you feel left out in deciphering the meaning behind the recent actions of your central bank, obviously, the…
Turkey has budgetary problems
Countries that have control of their budgets can stem the current while those that fail to control their budgets go adrift. You cannot treat a disease you cannot…
How will the exchange rate adjustment increase exports?
In the end, the depreciation of the TL will be beneficial to low-tech and labor-intensive sectors. The automatic thermostat system that will cool down the economy is…
Lifting barriers is good news anyway
In Cyprus, there is a historical green line between the north and the south separating the two ethnic entities. People can pass through, but goods from the north can…
Will the recent adjustments pave the way for foreign investments?
Turkey so far has grown rapidly "with the blessing of God" and now is slowing down automatically. On Tuesday, I said, "There is no need to worry, but it is useful to be…