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Tuesday, September 13 2011 , Your time is 15:58:00
The answer comes from a new paper by Sergei Guriev and Daniel Treisman, who developed an informational theory of 'new forms of dictatorship based on manipulating information rather than mass violence.'
The Turkish economy is doing well. There is a tiny bit of volatility in the exchange rate. I believe that interest rates need to fall. Investors and entrepreneurs are doing well. And they should so that shopkeepers can continue to earn money.
Now that the lira and other emerging market (EM) currencies have somewhat stabilized, at least for the moment, it may be useful to try to understand why some underperformed, while others overperformed, peers.
In a speech in the western province of Balıkesir on March 15, President Recep Tayyip Erdoğan made yet another controversial remark by stating that he wanted to run Turkey like a corporation.
Governor Erdem Başçı and economy tsar Ali Babacan paid a visit to President Recep Tayyip Erdoğan and his top economic advisers on March 11 to discuss the supposedly-independent Central Bank’s monetary policy
I finally graced the pages of pro-government “newspaper” Sabah on March 7 for my March 6 column, joining other respected Turkish and foreign journalists and columnists they also accused of treason and being an enemy of Turkey. I am only angry it didn’t come any sooner
“Highly illogical!” As a response to my latest column, a reader used Mr. Spock’s catchphrase to pay homage to Leonard Nimoy, who passed away on Feb. 27.
A market economist friend lamented to me on March 4 that all she could think about was the exchange rate. She was exhausted from talking to clients on the impact of the lira’s depreciation on the Turkish economy, and claimed that Turkey was heading for a crisis
At first look, the domestic economic agenda looks light this week, with purchasing managers’ indices, preliminary exports and inflation being the main data releases. However, it may end up being the make-or-break week for Turkish assets, and eventually for the economy
As I noted in my last column, almost all Turkey economists were expecting the Central Bank to cut its policy and borrowing rates at the Monetary Policy Committee rate-setting meeting on Feb. 24.
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