RT @johncampbellcfr: U.S. Humanitarian Assistance to Mali http://t.co/P4dXGqPSp1
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Roubini Topic Archive: Advanced Economies
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The Central Bank of Turkey goes to Washington
Or actually the U.S. would be better, as they seem to be pondering into other Eastern cities as well, but I wanted my movie homage … Anyway, the Central Bank of Turkey’s top brass is in the U.S. for the IMF-WB meetings, and they are not shy at sharing their views at all. Three presentations [...]
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Back Again with Weekly Guest Column: Untaxing the Rich
I had another one-week sabbatical from blogging: The agony of defeat in Eskisehir, the hospitality of my friends there and catching up with friends in Ankara, where I am now for a consulting gig, all kept me quite busy. Speaking of Ankara, I am in our nation’s capital for a consulting gig on Turkish politics. [...]
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Odds and Ends on Turkey
As I noted in the previous post, I am taking it easy for a while, so here’ s some odds and ends from the past two weeks. You may think of this as an addendum to the last two Daily News columns: Turkish Politics: In the column about my London impressions, I mainly talked about [...]
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Weekly Hurriyet Column: Did you hear about Morgan’s?
Since I just started blogging after a long absence, I thought I might take it easy for a while before delving into rigorous analysis. So I am starting with odds and ends: Below is my Hurriyet Daily News column for this week, which you can also read at the Daily News website (it was published, [...]
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Weekly Hurriyet Column: The Rikers Redemption
Who are “the Sisters?” What do they have to do with Dominique Strauss-Kahn? With Turkish football club Fenerbahce? Why are they celebrating May 2031 at Rikers? All at my latest Hurriyet Daily News & Economic Review column, which is below for your convenience. Please note that the Sisters’ views on DSK are not necessarily my [...]
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Radical Views from the Street
Our sister (or rather big brother) daily Referans merged with Radikal yesterday, a paper undergoing significant changes itself.
Their editor-in-chief has been particularly raving about how he intends to change traditional op-eds by molding your average newspaper columnist into a terminator he has named “the street columnist.” I have been to quite a few conferences in the past few weeks myself, as well as talk to people who have been to others, so I am in the perfect position to relay my impressions from the street.
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A Fiscal of Liras
This past week was not a good one for fiscal optimists, with the release of the June central government budget figures and the surprising piece of news that the fiscal rule had been postponed until October.If you are to believe the majority of research reports, fiscal performance remains strong. It sure does, if you forget that the 23 percent yearly increase in tax revenues is mostly due to the weak base of last year. With the pace of growth slowing down and base effects dying out, tax collection is not likely to be as strong going forward. -
Giving Credit Its Due Credit
One of the most impressive Turkish economics developments this year has been the rapid loan growth.
Corporate, consumer and housing loans have each registered more than 10 percent rises in the year to date. Annualized, this would translate to a growth of around 50 percent. But before you bring out the party gear, it is important to heed a couple of important disclaimers.
