Fashion - Style - Trendy

The author of the hot money inflows in the past Hurriyet Turkey Aegean Cansen 1980, was issued on the basis of the crises of 1994 and 2001, assessed the current situation.

Edwards Cansen'in "Banks like hot titled as follows:

"THIS corner, I took your attention like this before, people running our economy for a few months love hot money" cool down "began.
This point was realized that the Prime Minister and Finance Minister speeches. Finally, the Central Bank of the statements and decisions taken by the President and aides Başçı Erdem, confirmed this change. The weakest aspect of the current stand of the Turkish economy is open to the author. Recently, on the banks "gain" field on the justification for regulations that limit the current account deficit caused by the uncontrolled growth of fear. This fear, so to speak the Irish "miracle, disaster" created a drift. Capital accumulation poor nations, winning the Battle of Sakarya Atatürk İsmet İnönü words used by the telegraph, the countries' fortunes makus "Want to change the hot, cold or get covered upper always seek help from foreign capital. * * *
1. Special reason for the current account deficit in recent years, Turkey has become adhesive, applied to reduce inflation, "implicit exchange rate anchor" policy.
2. Implicit exchange rate anchor, a "high interest-low exchange rate" arrangements with public assets, "privatization" took the name sold to foreigners.
3. Interest is high, install a low
question about the implication of foreign financiers, and will remain low given the country groove, groove akıtmıştır hot money.
4. Thanks to the money entering the country:
a. Economy, domestic consumption continued vitality of
b. Easily financed by foreign debt, investment and privatization have been
c. Such as increasing excise duty on imports and indirect tax revenue and increase the budget for KDV açıklarıdaralmış,
d. Price, dollars, indexed, the dollar fell veenflasyon artmayınca not increased much in domestic prices.
Hal, in doing so, the hot money ürkütürsek, everything is turned upside down, fearing, no one could not dare to take action to close cariaçığı. However, at this point, "a disorderly correction" has increased the possibility. With that, hot money for the "balloons" patlatılmadan by hot money again, let's take the initiative on intellectual girişleriniyavaşlatalım hot money has occurred.
* * *
Hot money, money. Money also comes to a country, but through the bank system. How much hot money enters a country, it is the country's banks so much profit. Banks' stock values rise so much. Therefore, Turkey is the bank's boss or manager, or "hot money" will not dislike. This hot money in 1980, before the DCM (convertible foreign currency deposits) in the name of the country came in and pulled out the crisis of 1980. In later years, "wholesale banking, open position" and "ofşorcuk" evolved. Alicengiz games of 1994 and 2001 gave birth to this crisis. Twenty multi-bank sunk. Since 2001, foreign currency, rather than portfolio investment, syndicated loans
and local bosses at the end of the foreign banks entered the home through satmasıyla. These developments did not lead to a crisis yet.
So why the change can be said of this decision?
Final Word: The most accurate estimate of crisis, is done after. "