Chairing a central bank is a craft, to be executed with wisdom, not algorithms. “Don’t be surprised if the US dollar hits under 1.92 TL by the end...
The problem is that, Turkey already has been close to the seventeenth place in the world’s ranking of largest economies. Stephen Grosz is a...
If you were a foreign fund manager, would you be willing to invest your funds into a country which is in bad terms with almost all of its neighbors...
Raising interest rate might prevent an excessive increase in the exchange rate. But at the end of the day, you cannot escape your fate. The Central...
In conclusion, Turkey cannot keep up with rich countries just by raising savings and investments. Last Thursday I compared domestic savings rates of...
We sure do not desire a drastic increase in these rates within a short time frame. But given the low domestic savings rate, all you can do is to wait...
Turkey’s savings rate is low in comparison to not only the BRICs but also developing and upper-middle income countries. I previously compared the...
Industrial output growth in the first quarter was radically below the impressive rates in 2011. Yet, there is the bright side of the...
The current environment is evidently marked by uncertainties, which is the nemesis of the confidence in the economy. Although a week has passed...
Competitive advantage based on exchange rate proves temporary in the end turning into inflation and fading away shortly. Consumer price inflation...