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Author: Alaattin Aktas (Alaattin Aktas)

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A future lecture at economics faculties

Let’s start with a quite simple question: What would you consider if you wanted to make a portfolio investment in another country as an investor? The answers are obvious, aren’t they? First, you would examine whether the return of the security to be invested in is good. As you attempt to invest in foreign countries...

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It’s inflation’s turn to be afraid!

The establishment of a Price Stability Committee had already been declared in the economic reform package announced in mid-March. It was officially founded last week. But there are still questions sticking in minds: – We have a Central Bank that is responsible for ensuring price stability and has this provision in its law. They say...

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We are by far the cheapest country in Europe

I don’t know as Europe’s cheapest country is strengthening. Don’t take it the wrong way, this cheapness is not for the people living here and earning their pay in lira, it’s for those who spend Euros and dollars. The European Statistics Office’s purchasing power parity data was announced last week by the Turkish Statistical Institute....

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Should they stay or should they go?

I’m talking about foreign investors, the ones who invest in Turkey through stocks and government debt securities. They seem to be conflicted. They neither want to make huge amounts of investment, nor they want to leave Turkey for good. Data from the last seven weeks signal a serious stagnation. Foreigners bought a total of USD...

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Finding the lost and being glad

WHAT DOES THIS GROWTH MEAN?  Answers to this question may differ from person to person. But a common answer would probably be like this: “This growth is nothing but replacing what’s lost, although not exactly.” Take a look at this period that’s we’ve been experiencing for over a year now: People have lost their assets,...

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Fortune telling: ‘Should I return to Turkey or not?’

The doubts about Turkey, especially among foreign investors, cannot be removed with the surprise dismissal of Central Bank Governor Naci Agbal, and the replacement of Sahap Kavcioglu immediately after the Central Bank raised the interest rate at the Monetary Policy Committee meeting on March 18. A rush out of Turkish markets, which started with this...

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Fortune telling: ‘Should I return to Turkey or not?’

THE DOUBTS ABOUT TURKEY, especially among foreign investors, cannot be removed with the surprise dismissal of Central Bank Governor Naci Agbal, and the replacement of Sahap Kavcioglu immediately after the Central Bank raised the interest rate at the Monetary Policy Committee meeting on March 18. A rush out of Turkish markets, which started with this...

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THE GAP BETWEEN D-PPI AND CPI GRADUALLY EXPANDS

THE GAP BETWEEN D-PPI AND CPI GRADUALLY EXPANDS

Consumer prices increased by nearly 16% in recently while producer prices rose by 27%, marking a period of huge divergence between the indices. Looking at a longer period of time, both CPI and D-PPI stood at 100 in 2003 then reached 517.96 and 590.52, respectively, in February 2021. D-PPI outdid CPI by 14%, which was...

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The foreign reserves issue

LAST NOVEMBER, when the Central Bank Governor was replaced and the Treasury and Finance minister resigned, the backstage in Ankara was shaken by the reserve issue and allegations that President Erdogan had only just been made aware of negative reserves. Three months have passed and until last week, there had been no objections to the...

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What positive changes are happening in TurkStat?

If the public was asked which institution they trust the least, without a doubt the answer would be the Turkish Statistical Institute (TurkStat). If they were then asked which of TurkStat’s data they find least reliable, it would be inflation. The public’s perception is that TurkStat calculates the inflation rate and when it turns out...