Monetary economics

According to the forecast of the economists from the Bulgarian Academy of Sciences (BAN), the economy of the country will record a growth of 1.4 % in 2015.

This became clear after the annual report of the Economic Research Institute to BAN was presented on Monday, daily Sega reports.

Europe will be much better off without Greece and the best thing for the country is to introduce a currency board system, a leading economics professor said on Monday.

With the country?s cash reserves running dangerously low, the union representing Greece?s municipalities voted over the weekend against handing over their cash reserves in line with a decree issued by the government last month obliging state entities to transfer their spare money to the Bank of Greece.

Greek consumer prices fell 2.1 percent year-on-year in April, with the annual pace of deflation unchanged from the previous month, data from the country's statistics service showed on Friday.

Greece's EU-harmonized deflation rate slowed, showing prices fell by 1.8 percent in April from a 1.9 percent decline in March.

I was one of the panelists at the conference on inflation dynamics in Turkey organized by Koç University?s Economic Research Forum and the Turkish Industry and Business Association (TÜS?AD) on April 10.

An expected rate hike by the U.S. Federal Reserve Bank is creating an uncertain environment for foreign capital flows to Turkey that could ultimately hurt the housing industry, but domestic and overseas demand is rebounding, according to a Standard and Poor's (S&P) report.

Governor Erdem Ba?ç? and economy tsar Ali Babacan paid a visit to President Recep Tayyip Erdo?an and his top economic advisers on March 11 to discuss the supposedly-independent Central Bank?s monetary policy.

Economics Professor Steve Hanke praised China's recent move to lower its reserve requirements and predicted further troubles for Greek banks unless recapitalised.

Hanke, who is professor at Johns Hopkins University and Senior Director of the Troubled Currencies Project at Cato Institute, said this in a recent interview for Russia Today.

Greek consumer prices fell 2.6 percent in December, with the annual pace of deflation accelerating from a 1.2 percent drop in November, data from the country's statistics service showed on Tuesday.

Greece's EU-harmonized deflation rate also picked up, showing a 2.5 percent fall in December from a 1.2 percent drop in November.

Greek consumer prices fell 1.2 percent in November, with the annual pace of deflation decelerating from a 1.7 percent drop in October, data from the country's statistics service showed on Tuesday.

Greece's EU-harmonized deflation rate also slowed down to -1.2 in November from a 1.8 percent drop in October, lower than a 1.6 percent decline expected by economists in a Reuters poll.