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The Kapali Carsi

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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Great Leap Forward

What’s Wrong with Heterodox Economics Journals?

I just came across a very interesting bit of research, A Guide to Paradigmatic Self-Marginalization: Lessons for Post-Keynesian Economists by Leonhard Dobusch and Jakob Kapeller; you can find it here: http://www.dobusch.net/pub/uni/Dobusch-Kapeller%282009%29A_Guide_to_Paradigmatic_Self-marginalization-WP.pdf. I realize this is not going to be of interest to many of our readers, as it is a sort of “inside the halls [...]

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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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Europe

Time to Scrap the Stability and Growth Pact

Today’s Eurozone fiscal discipline is the amalgamation of reforms implemented over ten years, with the latest and largest changes agreed in crisis settings. This column argues that the result fosters neither growth nor stability since actual fiscal policy has been powerfully procyclical. The focus on intermediate targets has distracted attention from the final objectives – [...]

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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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