Percorrer por autor "Sen-Tasbasi, Asli"
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Item How easy is making trade across borders? A comparasion between Korea and Turkey(ISG, 2012) Sen-Tasbasi, AsliEach economy has its unique circumstances that require numerous variables to take into consideration for a sound comparative analysis. Comparing Korean and Turkish economies in particular demonstrate the importance of trade policy differentials. Both countries have followed restrictive trade policies during the 1950s and started the planning development strategy during early 1960s. However, they ended up with different trade openness and economic development levels by the 1990s. Korea shifted from import substitution to export promotion in the early l960s, while Turkey continued the import substitution policy until 1980. This study is a snapshot comparison between Korean and Turkish economies in terms of how easily each one trades with the rest of the world today, taking into account trade regulation indicators such as number of documents, time and cost required to export and import. Using the World Bank’s Trading Across Borders data, we find that procedures necessary to export and import seem in favour of Korea with respect to Turkey both in terms of duration and cost subcategories.Item Why Should Central Banks Communicate with Public? “Exposuring the Frame” vs. “Never Explain, Never Excuse”(ISG, 2011) Sen-Tasbasi, Asli; Koyu, Mesrutiyet; Mevkii, KumbabaThe ability of a central bank to affect the economy depends on its ability to influence market expectations about the future path of financial indicators. Effective communication with the public increases the transparency of monetary policy. Increased transparency improves the public’s understanding and support of monetary policy and the democratic accountability of the central bank, serving to convergence to the rational expectations equilibrium. The paper suggests that, in order to be able to build stable monetary markets against financial crises, communication should be considered as an integral part of the modern day monetary policy.