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The Kapali Carsi

Why Muslims Fell Behind Economically

I really do not know if Muslims were in the Americas three centuries before Christopher Columbus, as President Prime Minister Recep Tayyip Erdoğan first claimed, and then vehemently defended, last week. They may well have been. After all, before falling behind, Islamic civilization was at least as advanced as Christian medieval Europe. Economist Angus Maddison [...]

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Great Leap Forward

Founder of PayPal Says Taxes Drive Money

OK, file this in the “I never thought I’d live to see the day” category. Yes, Virginia, Taxes Drive Money. Peter Thiel, founder of PayPal understands his business model. He’s leveraging currency. His PayPal money is denominated in Uncle Sam’s money (and 24 other national currencies). Ultimately, USA demand for PayPal money is driven by [...]

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Trending Topic

Central Bank Divergence

The divergence of monetary policies in the advanced economies continues to roil financial markets.

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Don't Shoot the Messenger

Abenomics 2.0 – Just What Are They Trying To Achieve?

The recent move by the Bank of Japan to take further measures to accelerate the rate at which it ramps up its balance sheet took almost everyone – market watchers included – completely by surprise. The consequence was reasonably predictable – the yen has once more fallen strongly against almost all major currencies – and [...]

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The attempt to dismantle the so-called Islamic State is important but also extraordinarily challenging. The U.S. must maintain a meaningful coalition to strike ISIL without simultaneously keeping Hafez Al Assad in power and without offending all the non-ISIL Sunnis in Iraq.

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Emre Deliveli The Kapali Carsi

Emre Deliveli is a freelance consultant, part-time lecturer in economics and columnist. Previously, Emre worked as economist for Citi Istanbul, covering Turkey and the Balkans. He was previously Director of Economic Studies at the Economic Policy Research Foundation of Turkey in Ankara and has has also worked at the World Bank, OECD, McKinsey and the Central Bank of Turkey. Emre holds a B.A., summa cum laude, from Yale University and undertook his PhD studies at Harvard University, in Economics.

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