The probability that the CB took its latest decisions having no knowledge of the tax revenue raising measures to come is one in thousand, if not...
European stability funds will impose certain terms for applicant countries and will closely monitor if these terms are met or not. The other day,...
Domestic economic policy will make a limited contribution to growth. All we can do is hope that international conditions do not deteriorate In the...
The recent upward trend in foreign fund inflows to Turkey will continue and maybe strengthen to some degree. On Thursday I said that I will...
Recent decisions of the ECB and the German Constitutional Court have prohibited things from getting worse. The German Constitutional Court has...
Second quarter’s growth rate is substantially below the potential rate of 4.5-5 percent. During July, I speculated on growth rate of the second...
Temporary changes in gold trade overstate both exports and imports. Gold exports and imports became a hot issue once again after the latest...
From an academic perspective, Bernanke’s remarks on monetary policy were critical, but he didn’t say anything new from the perspective of financial...
Heavily discussing latest ECB and FED decisions, Turkey will come and go back to the salt mines. The school year is starting next week. Ankara will...
Government bonds and collateral the ECB received for similar operations will decrease in value and thus the ECB’s capital will shrink. Right...