Which policy does the rate which the CBT calls the “policy rate” refer to? What is the goal of that alleged policy? There exists a huge uncertainty...

If you cannot plan your position ahead of time, you open yourself up to the random forces of the table. That appears to be the case for Turkey...

That consensus is difficult does not necessarily mean that it is impossible. Now, the job is more troublesome since the divisions are more deeply...

Why did the CBT choose to cut the rate at fist and double almost double the rate and initiate FX selling auctions two months later? On Tuesday I...

  The U.S. has withdrawn its troops from Iraq. While the last units were leaving Iraq, an important agreement was being signed in the Kurdish...

Central banks can implement an inflation targeting regime that also safeguards financial stability using old policy tools and the old policy...

It seems 2012 will be a year dominated by political debates and lingering economic reforms; one we will look forward to having finished. Am I...

Turkey is a country of policy failures, making the country a useful case study for our neighbors these days. Turkey is lagging behind? Sounds...

Countries that have a low public debt ratio have a larger room to react against economic contraction. The Medium Term Program, the OECD and the...