We are designing our public policies not for the sake of future generations as the Koreans do, but for the sake of the upcoming elections. Last...

In a world of non-market economies, you have to be in good terms with foreign capitals to penetrate their markets. Turkey was one of the earliest...

The rate regarded by markets currently as the policy rate is the funding cost, not the one that the CBT calls as the policy rate. Before 29 November...

In our experience, civilians do not beat police officers, but the police beat anyone and everyone at a moment’s notice. The other day I saw a...

If Europe gets back into a chaos, we will initially face difficulty in meeting the FX requirement even in the case that the current account deficit...

  Things are getting complicated in Syria. As for the Annan Plan, it always looked like a weak text full of optimistic wishes, unprepared for ...

Indicators suggest that industrial output growth has weakened and that this trend will most probably continue in March and April. Industrial output...

The incentive system I was briefed about in Korea was thematic and had a spirit. Unfortunately, ours does not. The new incentive system for...

The main difference between the new and the old system is that the former incentivizes “strategic investments.” Last week I attended a conference...