sevin ekinci
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Sevin Ekinci. Turkey November 2011. Main Subjects. Economic Prospects for 2012 Politics- A new constitution Governmental system-AKP targets 2023 Foreign Relations (EU, Cyprus, ME, NA). Economic Prospects A Relative Advantage. Economic Prospects A Relative Advantage. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/1.jpg)
Sevin Ekinci
TurkeyNovember 2011
![Page 2: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/2.jpg)
Main Subjects
• Economic Prospects for 2012
• Politics- A new constitution
• Governmental system-AKP targets 2023
• Foreign Relations (EU, Cyprus, ME, NA)
![Page 3: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/3.jpg)
Economic ProspectsA Relative Advantage
![Page 4: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/4.jpg)
Economic ProspectsA Relative Advantage
![Page 5: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/5.jpg)
Economic ProspectsA Relative Advantage
![Page 6: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/6.jpg)
Economic ProspectsA Relative Advantage
![Page 7: Sevin Ekinci](https://reader035.vdocuments.mx/reader035/viewer/2022062309/56815b28550346895dc8e823/html5/thumbnails/7.jpg)
Economic ProspectsA Relative Advantage
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Economic Prospects
• Proactive monetary policy
The objective of macroprudential policy is to reduce systemic risk by
1. Reducing the pro-cyclicality of the financial sector
2. Improving its resilience to adverse shocks; by explicitly incorporating the inter-linkages between, and common exposures of, all institutions
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Proactive monetary policy yielded its return
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Economic Prospects: lower credit use would ease current account deficit
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We have more positive prospects than market consensus
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Politics
• A new Constitution
Process:Debates between AKP-CHP-BDP-MHPJoint opinions of AKP-CHP-BDP-MHP
Most likely scenario:A referendum by end-2012 which overrules presidential system.
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Governmental system• AKP targets 2023Medium-Term Economic Program covers 2012-2014; no ambition yet strong fiscal policy projections.Next elections-2014 (presidential); 2015 (parliamentary)
• Can they achieve to their 2023 target?Well it is conditional… On domestic and International developments (EU, Cyprus, Israel, Middle
East and North Africa)
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Foreign Relations
• How the economy works in Turkey
• EU• Cyprus• Middle East• North Africa• Israel