...Main Objective of the Central Bank of The Republic of turkey (CBRT) Price Stability Article 4- (As amended by Law No. 4651 of April 25, 2001) "The primary objective of the Bank shall be to achieve and maintain price stability. The Bank shall determine on its own discretion the monetary policy that it shall implement and the monetary policy instruments that it is going to use in order to achieve and maintain price stability. The Bank shall, provided that it shall not be in confliction with the objective of achieving and maintaining price stability, support the growth and employment policies of the Government.“ Price stability denotes a level of sustainable inflation low enough that economic agents may ignore it in their investment, consumption and saving decisions. The largest contribution that the Central Bank has made and can make to strong, stable and sustainable growth and increased employment is to achieve and maintain price stability. Inflation Targeting Regime In 2002, the Central Bank adopted a modern monetary policy strategy, namely the “inflation targeting regime”. During the implementation of the implicit inflation targeting regime of the 2002–2005 period, the Bank tried to lay the basis for the regime by ensuring the necessary pre-conditions, strengthened its technical and institutional infrastructure, developed estimation models and expanded its data set. During this process, the Research Department was restructured as the Research and...
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...For more information about JSTOR, please contact support@jstor.org. . Middle East Institute is collaborating with JSTOR to digitize, preserve and extend access to Middle East Journal. http://www.jstor.org This content downloaded by the authorized user from 192.168.72.230 on Wed, 14 Nov 2012 11:59:35 AM All use subject to JSTOR Terms and Conditions BETWEEN SENTIMENTAND SELF-INTEREST:TURKEY'S POLICY TOWARDAZERBAIJANAND THE CENTRALASIAN STATES Philip Robins HEN the new republics of CentralAsia and Azerbaijanbegan declaring theirindependencefromMoscow nearthe end of 1991,there was greatexcitement in certain Western circles about Turkey'sfuturerole in their development. Their bond was frequently mentioned, and Turkey common Turkic cultural-linguistic was seen as an economic and political model for these new states. Some In enthusiasts even advanced grandiosenotions of resurgentpan-Turkism. order to limit any possible growth of Iranian-inspired political Islam in these new republics, Western political leaders generallyregardedTurkey as the country to supportin its approachestoward these states.1 Two...
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...Turkey The Republic of Turkey is a country filled with rich culture and amazing history. This paper will discuss the origins of Turkey and the most significant points in that region’s history. Then, it will focus on two types of games that the inhabitants of Turkey are constantly exposed to, and one type of play. Afterwards, it will take a look at what influences Turkey has made in other nearby cultures and countries. Also the impact and influence the history of Turkey has had in that region. Finally it will end with how visible the influences are, and briefly discuss all of its religious influences. The region that Turkey now occupies has very large roots in history, even though the current establishment of Turkey is very young. Before the region was named the Republic of Turkey, the area was called Anatolia. Anatolia has a history of civilization that dates as far back as 10,000 years. In centuries past, this region had been inhabited by the indigenous Hattis and Hurrians. At around 2300 BC the Indo-European Hitties arrived at Anatolia slowly reigning over the Hatties and Hurrians. The Hitties established the first empire in the region and remained settled for multiple centuries. The empire collapsed in 1200 BC and Anatolia was then settled by an Indo-European group known as the Phrygians and the Lydians. The Phrygians settled in Western and Central Anatolia while the Lydians lived in the Eastern region. In the 6th century BC, bothe the Phrygians and Lydians were invaded...
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...------------------------------------------------- Accession of Turkey to the European Union | Turkey's application to accede to the European Economic Community, a predecessor of the European Union (EU), was made on 14 April 1987. Turkey has been an associate member since 1963.[2] After the ten founding members, Turkey was one of the first countries to become a member of the Council of Europe in 1949, and was also a founding member of the Organisation for Economic Co-operation and Development (OECD) in 1961[3] and the Organization for Security and Co-operation in Europe (OSCE) in 1973. The country has also been an associate member of theWestern European Union since 1992, and is a part of the "Western Europe" branch of the Western European and Others Group (WEOG) at theUnited Nations. Turkey signed a Customs Union agreement with the EU in 1995 and was officially recognised as a candidate for full membership on 12 December 1999, at the Helsinki summit of the European Council. Negotiations were started on 3 October 2005, and the process, should it be in Turkey's favour, is likely to take at least a decade to complete.[4] The membership bid has become a major controversy of the ongoing enlargement of the European Union.[5] ------------------------------------------------- History After the Ottoman Empire's collapse following World War I, Turkish revolutionaries led by Mustafa Kemal Atatürk emerged victorious in the Turkish War of Independence, establishing the modern Turkish Republic as it exists today. Atatürk...
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...turkey - The Turkish Republic was established in 1923, after the fall of the Ottoman Empire. The Empire had been slowly declining for several centeries, this can be attributed to its inablity to keep up scientificaly and the socail and political wars. Finally the Lausanne Peacem Treaty of July 24, 1923 established the international status and boundaries of the new country. The Republic of Turkey was formally declared on October 29, 1923. It immediatly started on a course of modernization in all walks of life.... [tags: essays research papers] 929 words (2.7 pages) $19.95 [preview] Turkey - Because of the war women gained the right to vote to vote. In 1946, the multiparty era began. A military junta seized power and governed from 1960 to 1961. In 1961, a new constitution was ratified, and elections began. The 70’s were a time of political violence and economic uncertainty. Because of this, in 1980 a second junta was formed, which instituted martial law and abolished all political parties. The second junta was dissolved because of a new constitution, adopted in 1982. Turkey then became a republican parliamentary democracy.... [tags: essays research papers fc] :: 3 Sources Cited 1986 words (5.7 pages) FREE Essays [view] Benefits Of Franchising System In Turkey - Benefits Of Franchising System In Turkey Franchising system has lots of adventages for economic growth of Turkey such as it creates job opportunity , competition improves the domestic campanies and global campanies...
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...Balkan MUN ICJ 2014 Position paper Topic A: Aegean Sea continental shelf, Greece Vs Turkey, 10th August 1976. The Aegean Sea continental shelf dispute continues for almost 40 years, and Greece and Turkey never came to a solution, neither did the UN or ICJ. Both parts pretend different things about the continental shelf. For Greece the International laws give to the islands (which belong to Greece) the right to extend their jurisdiction, and that every island has his own jurisdiction and continental shelf, thus the definition must be made with a median line. For Turkey the islands do not have the right to extend their jurisdiction on the continental shelf because they are in the Turkish continental shelf, so for Turkey must not be applied the median line definition. So, considering that the UN’s main goal is to maintain peace and stability between all the countries of the world and the ICJ’s main goal is to respect the International Laws and to find a peaceful solution to solve disputes, I judge that the solutions may be to restrict Greek territorial waters of some naval miles (n miles) in the continental shelf, near the islands, and to let all the other territories as they are. This is one of the most comprehensive solutions because Greece has the largest part of the Aegean Sea and any restriction other than this would be in big disfavor for Turkey. This solution does not favor Turkey either Greece, but is a middle solution, which makes both part content. With this solution...
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...BULLETIN CENTRAL BANK OF THE REPUBLIC OF TURKEY Issue: 8 December 2007 GOVERNOR YILMAZ’S PRESENTATION BEFORE THE COUNCIL OF MINISTERS INSIDE: 2 Reserve and Risk Management at the Central Bank of Turkey 3 Publications and News from the Central Bank of Turkey 4 At a Glance In accordance with the Law on the Central Bank of Turkey (CBT) and the principle of accountability, twice a year, the Governor provides the Council of Ministers with information on current economic outlook and the monetary policy actions. In this context, Governor Durmuş Yılmaz made a presentation before the Council of Ministers on 12 November 2007. In the first part of his presentation, Governor Yılmaz pointed out the prerequisites to achieve sustainable growth rate and single-digit nominal interest rates. The Governor gave information about inflation developments, interest rate and the exchange rate policies of the CBT, growth, employment and balance of payments developments in the second part of his presentation. The Governor stated that sustainable growth might only be achieved via establishing macroeconomic stability, continuing structural reforms and enforcing the principles of good governance. 1981 - 1989 1990 - 2001 2002 - 2006 Average Inflation 43.4 % 74.0 % 15.9 % Average Growth 4.8 % 3.0 % 7.5 % The Governor, underlining the necessity of price stability and sustainable public finance for Source : TURKSTAT, CBT macroeconomic...
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...Turkey (Turkish: Türkiye), known officially as the Republic of Turkey ( Türkiye Cumhuriyeti (help·info)), is a Eurasian country located in Western Asia (mostly in the Anatolian peninsula) and in East Thrace in Southeastern Europe. Turkey is bordered by eight countries: Bulgaria to the northwest; Greece to the west; Georgia to the northeast; Armenia, Azerbaijan (the exclave of Nakhchivan) and Iran to the east; and Iraq and Syria to the southeast. The Mediterranean Sea and Cyprus are to the south; the Aegean Sea is to the west; and the Black Sea is to the north. The Sea of Marmara, the Bosphorus and the Dardanelles (which together form the Turkish Straits) demarcate the boundary between East Thrace and Anatolia; they also separate Europe and Asia.[8] Turkey is one of the six independent Turkic states. The vast majority of the population are Muslims.[9] The country's official language is Turkish, whereas Kurdish and Zazaki languages are spoken by Kurds and Zazas, who constitute 18% of the population.[10] Oghuz Turks began migrating into the area now called Turkey (derived from the Medieval Latin Turchia, i.e. "Land of the Turks") in the 11th century. The process was greatly accelerated by the Seljuk victory over the Byzantines at the Battle of Manzikert.[11] Several small beyliks and the Seljuk Sultanate of Rûm ruled Anatolia until the Mongol invasion. Starting from the 13th century, the Ottoman beylik united Anatolia and created an empire encompassing much of Southeastern...
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...In December 1997, members of the European Union (EU) met in Luxembourg, for a European Council summit, to talk about countries being considered for future EU membership. Among these countries, there was one remarkable absence: Turkey. Since it was excluded from this enlargement process for the foreseeable future, relations between the EU and Turkey have been very cold. Turkish Prime Minister, Mesut Yilmaz, has given the EU until the next European Council meeting in June to include Turkey in the pre-accession group of applicant countries. Otherwise, it has threatened to withdraw Turkey's application for membership. Even if such threats are unlikely to have an impact on the EU, they point out a major clash in the EU-Turkey relations. At this stage of my research, my point is not to argue whether Turkey should enter the EU or not. My research project is meant to find out whether it has the ability to meet European requirements, on a political and economic basis. However, I want to make sure that you understand the importance of this research. Turkey has been waiting since 1963 to enter the European Union. Today, the country is split between a strong religious party (the RP) and a majority of secular western-oriented people. Continuing to refuse Turkey might throw it in the hands of the islamists who are totally...
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...for admittance into the EEC in 1959, Turkey has been fighting to accede into Europe. The country has been an associated member of the European Community since 1964, following the signing of the Ankara Agreement in 1963. They have been trying to become full members since and officially applied for admittance on April 14, 1987. Because the EC was in the midst of forming a politically and economically tight European Union, the EU did not consider Turkey’s application until 1993. They were not a candidate country until 1999. The EU had outlined 35 chapters for the country to comply with before their admittance is decided on a vote. Europe and Turkey extensively trade between each other. Turkey and the EU already have free trade between each other. Turkey’s exports and imports are mostly with Europe. In 2007, 56.4% of Turkish exports were to the EU, and 40.8% of their imports were from the EU. (Euro Comm)Once admitted as a full member of the European Union, the trade market will only grow. As a member of the European Union, Turkey’s economy will continue to grow. As of now, Turkey is able to export and import goods to and from Europe, but does not export many services. As of 2006, 63.5% of Turkey’s GDP came from services rather than agriculture and industry. (Euro Comm) When the EU admits turkey as a member, Turks will be able to freely cross the borders and provide service across Europe. With the influx of service workers into Europe, turkey and the Europeans will benefit. European...
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...ARMENIAN DIASPORA The Armenian Diaspora is the Armenian communities who live in the outside of Republic of Armenia and de-facto independent Nagorno-Karabach Republic. Those people who live in abroad of their origin land mostly immigrated from Eastern part of Turkey after Ottoman Parliament passed the temporary ‘Tehcir Law’. This law authorized Ottoman Empire to the deportation of Armenian population located in the east part of Anatolia. The resettlement campaign resulted in the deaths of nearly 600.000- 1.500.000 civilians. According to Ottoman archives, the deportation started at March 2, 1915. On September 13, 1915; Ottoman Parliament also passed the law to capture all lands, homes, livestocks owned by Armenians to local authorities. While some historians claim that this was the first genocide of the 20th century, others claim that Ottoman Empire deported the Armenians for their safety, when the empire was so close to collapse. There consequent situtations led many Armenian people to immigrate to the different parts of world. The biggest Armenian population except Republic of Armenia is located in Russia as around 2,2 million. After Russia, United States is the second most populated Armenian diaspora, estimated around 1,4 million. Turkey, France and Georgia are also other countries that host many Armenian people. Moreover, Armenians spread whole over the world but in the case of diasporas; Russia, USA, France and Turkey’s Armenian diasporas are well known and very active...
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...Azerbaijan, officially the Republic of Azerbaijan is the largest country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to the south. The exclave of Nakhchivan is bounded by Armenia to the north and east, Iran to the south and west, while having a short borderline with Turkey to the northwest. Azerbaijan has an ancient and historic cultural heritage. The country was among the birthplaces of mankind and is located at the heart of ancient civilizations. Furthermore the country is known to be among the most progressive and secular Islamic societies. Aside from having been the first Muslim country to have operas, theater plays, and a democratic republic, Azerbaijan today is among the Muslim countries where support for secularism and tolerance is the highest. The Azerbaijan Democratic Republic, the first democratic and secular republic in the Muslim world, was established in 1918, but was incorporated into the Soviet Union in 1920. Azerbaijan regained independence in 1991. The Constitution of Azerbaijan does not declare an official religion but the majority of people adhere to the Shia branch of Islam, although Muslim identity tends to be based more on culture and ethnicity rather than religion and Azerbaijan remains as one of the most liberal majority-Muslim nations. The pre-Turkic Azerbaijani population spoke...
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...Running head: GLOBAL BUSINESS CULTURAL ANALYSIS: TURKEY Abstract A global business cultural analysis is a tool used in order for one to become more familiar with a culture, more attune to the implications that the culture has on the business conducted by the people group of the culture, and more aware of the attitudinal and behavioral implications a member of a different culture should expect when working with members of the people group. In exploring the varying cultural elements, one examines the role and perception of women, the role and influence of religion, and the role and perspective of time. The cultural elements have an impact on business that should be considered by a U.S. American seeking to conduct business with members of this people group. Global Business Cultural Analysis: Turkey Primary sources serve to provide a foundation for definitions when pursuing a research project. They are also beneficial for defining terms and establishing reasons behind why one might pursue a particular research topic. When beginning a global business cultural analysis, it is important to understand what is meant by the term culture. Hofstede defines culture as “the collective programming of the mind that distinguishes the members of one group or category of people from another” (Hofstede, 2001, p. 9). The people group focus for this study is the members of the Republic of Turkey. Though the culture in Turkey differs from that of other people groups around the world, this...
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...Course: Academic writing Semester: Fall 2014 Academic Paper EU EXPANSION: Accession of Turkey and its potential impact on the atmosphere within the EU Rauf Asadullayev Instructor: Christopher Weilage Munich, Germany, 2014 Table of contents 1.Introduction………………………………………….…………………………3 2. The Association agreement…………………………………………….……..4 3. The Ankara Agreement………………….…………………………………...6 4. Customs Union………………………………………………………………..7 5. Turkish government and the accession of Cyprus in the EU………………8 5.1 Turkey’s short term economic effect on the EU…………………………..9 5.2 Turkey’s territorial advantages for the EU……………………………….10 5.3 Religion and culture in Turkey…………………………………………….11 5.4 Food in Turkey and its safety- Security and the EU……...………………12 6. Impact of EU’s democratic standards to Turkey…………………………..13 7. Conclusion…………………………………………………………………….16 Index of Abbreviations BTC- Baku Tbilisi Ceyhan EEC- European Economic Community EU-European Union EC- European Council EP- European Parliament FAO- Food and agriculture organization SEES-Southeastern European states Introduction Europe - the cradle of human civilization, boiling pot full of many various nationalities, cultures and languages. Geographical borders within and outside of the Europe have changed every time when a new Empires began to flourish. Even now, in the 21st century borders of EU are not defined clearly. Should the Borders be...
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... Mustafa Kemal (later called “Atatürk," father of the Turks) proclaimed the Republic of Turkey as a pure nation-state for the Turks by abolishing the multiethnic Ottoman Empire. Mustafa Kemal Atatürk, the founder and first president of the Turkish Republic, Turkish army officer, reformist, was born on19th May 1881 and died in 10 November 1938 at the age of 57 year. He was a and the first President of Turkey. Mustafa Kemal Atatürk introduced a form of secular fundamentalism; bend Turkey from its Islamic roots. Kemalism has since replaced Islam as Turkey's state religion, enforced by its high priests, the generals of the military. Mustafa Kemal Atatürk was a military officer during World War I, and faces defeat of the Ottoman Empire in World War I, after that he found and led his movement. His military campaigns led to victory in the Turkish War of Independence. Mustafa Kemal Atatürk then embarked upon a program of political, economic, and cultural reforms, seeking to transform the former Ottoman Empire into a modern and secular-state under his leadership, thousands of new schools were built, primary education was made free and compulsory, and women were given equal civil and political rights, while the burden of taxation on peasants was reduced. His government also carried out an extensive policy of Turkification, the principles of Mustafa Kemal Atatürk reforms, upon which modern Turkey was established, is referred to as Kemalism. The ideas and principles of Mustafa...
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