Güven Sak, PhD
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From Glass-Steagal to 'Volcker Rule’: What about the financial reform discussions?
Agenda of the US is occupied once again with reform discussions. We are talking about comprehensive and well designed radical and systemic steps; not deceiving political…
If you want to become aware of informality, just take a look at the Yellow Pages of the Hürriyet daily
In Turkey informality in economic activities is quite prevalent. There is no need to write long reports to realize of this phenomenon. Particularly, there is no need for…
80 percent of Chambers says yes to the Prime Minister
Last Thursday I have watched the entire meeting of Union of Chambers and Commodity Exchanges of Turkey (TOBB) with executive branches of chambers and commodity…
In which direction will the exchange rate move?
Have you checked the Global Financial Stability Report by the IMF? You can access the report and evaluations on the report at the website of the IMF. The most…
We still deal with virtual issues
Today let us continue with the unemployment issue, which was explained to be virtual not structural, by Mr. Erdogan, the Honorable Prime Minister of Turkey. What do you…
Negative differentiation in the economics is not a good thing
Now it is the best of times, and it is the worst of times again. For some, the economy goes like clockwork. The main feature of the economic recovery process we are in…
Those with no internet literacy cannot find a job anymore
Turkey's most critical problem is unemployment. This was the case in 2002; and this still is the case in 2010. In fact, no fundamental change took place since 2002. The…
Activity in bank stocks may be a good sign
Last Thursday Istanbul Stock Exchange (İMKB) was in a strong rise. The stocks of almost four banks were traded; and the İMKB had a historic day in this sense. Sabah…
Please fasten your seat belts
Everyone has their own problems. If you hear the parties in struggle, they have fantastic claims and they think they are right. They are telling with passion the unfair…
Obama continues with the stimulus packages
Did our focus shift from the crisis toward the budget recovery? Did the crisis management measures have lost place on the agenda and the time to eliminate the damage of…
Shifts to formal economy cannot be secured solely by the Ministry of Finance
This is the one inevitable discussion for Turkey. There exists a common belief that Turkey has high rate of informality. This belief is common though there are no…
When will Turkey have a technology firm quoted in NASDAQ?
This is the exact question of today. This is where the key to turn the 2008 global crisis into an opportunity lies. There are more than a hundred Israeli firms quoted in…