EconoMonitor

The Kapali Carsi

  • The economics of Christmas gifts

    I love Christmas. I really do. I recently realized that I have not celebrated Christmas since moving back to Turkey from the United States in 2005, and I decided, on a whim, to spend Christmas in London, where I am writing this column on Christmas Day. But there is one Christmas tradition that seems awfully wrong […]

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  • Erdoğan’s choice: Reform or religion?

    After revealing the first nine on Nov. 6, Prime Minister Ahmet Davutoğlu unveiled seven more transformation programs of the government’s ambitious reform strategy at a press conference on Dec. 18. In my latest Hurriyet Daily News (HDN) column, I explain why it is a complete waste of time to discuss the second part of the […]

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  • Turkish economy living on borrowed time

    I looked at emerging market (EM) exchange rates against the dollar on the night of Dec. 17, right before the Federal Reserve’s (Fed) interest rate decision. The Turkish Lira was the second most depreciated currency against the dollar, right after the Russian ruble. Here the into. to my latest Hurriyet Daily News (HDN) column, where […]

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  • Tekıling törkiyz ecukeyşınıl vooz

    Hello again after a two-week absence. I was quite busy, with travels and work, during the past two weeks and ot able to post here- even though I continued to write for the Hurriyet Daily News (HDN). I have two hours free this afternoon, and so I am hoping to get in a couple of […]

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  • A take by economists on racism in the US

    The trial of Ali İsmail Korkmaz, the university student who fell into a coma after getting beaten by plainclothes police officers during the Gezi protests and died 38 days later, continued last week. Across the Atlantic, a Missouri grand jury decided not to indict a white police officer over the fatal shooting of an unarmed […]

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  • Turkey: The Sultan’s Speech

    The politician formerly known as PreSinister (President Prime Minister), and currently self-proclaimed Sultan, Recep Tayyip Erdoğan gave a great speech this week that summarized two key issues of the Turkish economy better than I could have in a dozen columns. Speaking at the “Women and Justice Summit,” hosted by the Women and Democracy Association (KADEM), […]

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  • 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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  • Turkey: The markets’ Cinderella Man

    Seen as one of the most vulnerable emerging markets (EMs) not too long ago, Turkey is on a Cinderella run, attracting significant capital inflows. Foreigners’ net equity and bond investments rose by $0.9 and 1.4 billion respectively during the last four weeks. Here is the intro. to my latest Hurriyet Daily News (HDN) column, where […]

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  • Demystifying Turkish UFOs

    I can hear you say it: “He finally lost it.” Nope, I have not gone completely nuts. I haven’t smoked anything that would make me see UFOs, either. I am talking about Turkey’s Unidentified Financing Objects. Here is the intro. to my latest Hurriyet Daily News (HDN) column, where I take on the first of […]

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  • Six puzzles of the Turkish economy

    I have been burning a lot of brain cells of late on six puzzles of the Turkish economy. I have already made some way into solving some of them, while I am still baffled by others. I will simply state them today, with the hope of sharing my answers over the course of the next […]

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