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GÜVEN SAK

Why are Islamic banks still so small?

GÜVEN SAK writes:

We do not call them Islamic banks in Turkey. Banks are banks, administrative apparatuses. In the past, they were termed “Special Finance Institutions” and only after the 2005 amendments to the Banking Law are they now called “Participation Banks.”

Comment(s) 9/20/2014

Growing discontent against Syrians in Turkey

GÜVEN SAK writes:

I was reading the key findings of the German Marshall Fund’s Transatlantic Trends 2014 survey the other day. One of them is Turks’ growing discontent with immigrants.

Comment(s) 9/13/2014

Of fake housing bubbles and Syrian refugees

GÜVEN SAK writes:

I am often asked about the housing prices in Turkey lately. My questioners often want to confirm their sense that the housing bubble is going to burst, that a year or two down the line and they’ll be able to say “I told you so.”

Comment(s) 9/6/2014

Time for a new reform agenda for Turkey

GÜVEN SAK writes:

Turkey is currently in a political transition process – a very orderly one so far. Let me tell you what we know as of this Friday. We have a new President, a new prime minister and a new council of ministers

Comment(s) 8/30/2014

Internal migration dynamics in Turkey

GÜVEN SAK writes:

I think I first heard it from Bernard Lewis – the Turks’ endless fascination in moving westward. He writes of the move from Central Asia into Anatolia and the Balkans and then ties it to modern Turkey’s bid for the European Union.

Comment(s) 8/23/2014

No victor but so many victims

GÜVEN SAK writes:

Reading the Barack Obama interview by Thomas Friedman in the New York Times, I have come to the conclusion that we still do not know how to go from diagnosis to policy action.

Comment(s) 8/16/2014

Part-time terrorists and the dwindling Turkish-Iraqi trade

GÜVEN SAK writes:

I was lately struck by a rather recent story from Gaziantep. It is so ordinary and so horrible at the same time. It is about part-time terrorists and the dwindling Turkish-Iraqi trade

Comment(s) 8/9/2014

The condition of women in Turkey is no laughing matter

GÜVEN SAK writes:

It is indeed Mr. Arınç, who shall not laugh when it comes to talking about women in Turkey. He should do what he usually does: Start weeping

Comment(s) 8/2/2014

Cohabitation alla Turca

GÜVEN SAK writes:

Turkey is about to set sail in uncharted waters. Starting Aug. 29, we are going to have a directly elected president

Comment(s) 7/26/2014

How did it happen in Turkey but not elsewhere?

GÜVEN SAK writes:

On the plane to Sydney, Australia this week, I took to reading Ahmet Hamdi Tanpınar’s “The Time Regulation Institute” (1961). I had time; the flight from Abu Dhabi to Sydney takes 12 hours.

Comment(s) 7/19/2014

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