Gelisim News

“Current Developments, Cryptocurrency and Hedging” panel was organized at Istanbul Gelisim University. Economist Şevin Ekinci, Risk Management Expert Fabrizio Casaretto and Vice Dean of Faculty of Business Administration at Istanbul Ticaret University Assoc. Dr. Ayben Koy joined the panel moderated by the Head of Banking and Insurance Department Asst. Prof.  Lokman Kantar.

In her speech, Economist Şevin Ekinci touched on to what extent recent developments are influental in financial markets and discussed the developments in financial markets since 2009. Ekinci providing information about the final appearance of Turkey's macroeconomy, expressed that inflation sat on the band of 20 percent in 2019 in Turkey and fall from these levels may be difficult.

On the growth side, it is seen that the worst outlook is in the first quarter of 2019, and that the growth rate will be at least 2.3 percent in 2019. Şevin Ekinci believed that an agreement with the IMF, which could be made after the IMM elections on 23 June, would seriously eliminate the shock on the Dollar / TL, and predicted that the USD / TL exchange rate could be reduced to 5.4 again within the scope of the agreement.
 
HEDGING IS A NEW APPLICATION FOR TURKEY

In the first part of his speech, Fabrizio Casaretto gave general information on Derivative instruments, markets and history used in Hedging applications. He also stated that Hedging issues for Turkey is to be called new, and still there is a long way to be taken. Underlining that the number of institutions implementing hedging is extremely low, Casaretto added that the number of employees in financial institutions working on Hedging is very low. In the second part of his presentation, he showed some examples of financial and commercial real hedging and explained that these practices were essential, that each institution should have a different prescription, mechanisms could be applied in more complex structures, and that a process must be done by a specialist.
 
CRIPTOCURRENCY GOT BEYOND BEING MEANS OF PAYMENT

Speaking at the event on 'BlockChain and Cryptocurrency' Assoc. Dr. Ayben Koy, told about 24 hours a day trading transactions made in the international financial markets, including block-chain, artificial intelligence, including many technological structures and new products.

Emphasizing that the innovative products such as Bitcoin in the financial markets where advanced technology is used, as well as other technological innovations, moves forward the blockchain, Koy stated that the usage areas of the block chain technology became widespread in the whole economy such as land and population records, defense industry, transportation and manufacturing sectors. Koy also stated that cryptocrosses are not only the means of payment but also speculative products in order to get a return on the markets in recent years, and that there are difficulties in establishing the value-price relationship and that they are frequently met with periodic price balloons.