This post already appeared in the Hurriyet Daily News on Monday; Europe Economonitor is just republishing it, but I just wanted to cross link for the readers who might have missed it the first time around...
But while I am at it, I wanted to illustrate what I mean by saying all banks are equal, but some are more equal than others. As always, a picture is worth more than a hundred words:
Int this graph, compliments of Turkey Data Monitor, OMO is a net figure, made up of funding and mop-up.
BTW, I have a message to my readers at the Central Bank: It'd be great if the separate mop-up and funding figures appeared in the Weekly Press Bulletin; it is kind of a hassle to get this data from the Central Bank database (EVDS). If CBT's exit strategies go as planned, the data will not ne relevant in a few months, but until then...
But while I am at it, I wanted to illustrate what I mean by saying all banks are equal, but some are more equal than others. As always, a picture is worth more than a hundred words:
Int this graph, compliments of Turkey Data Monitor, OMO is a net figure, made up of funding and mop-up.
BTW, I have a message to my readers at the Central Bank: It'd be great if the separate mop-up and funding figures appeared in the Weekly Press Bulletin; it is kind of a hassle to get this data from the Central Bank database (EVDS). If CBT's exit strategies go as planned, the data will not ne relevant in a few months, but until then...
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2 comments:
did roubini see what was written about him at http://ekonomiturk.blogspot.com/2010/04/roubini-google-trends-vs-s-500-dr-doom.html?
Hello Cuneyt;
I had surprisingly missed it, but maybe that's not very surprising as I haven't had the time for reading (other than the FT) these last few weeks. So thanks a lot for sending that; it sure is quite interesting.
I don't think Roubini has seen it, either- with so much written about him, I don't think he keeps track- otherwise, his associates I regularly talk with would have tipped me off. But I'll make sure he knows of it:)
Again, thanks...
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