Panel titled “Recent Development, Cryptocurrencies and Hedging” held at Istanbul Gelisim University

Economist Şevin Ekinci, Risk Management Specialist Fabrizio Casaretto and Vice Dean of Faculty of Business Administration at Istanbul Ticaret University, Assoc. Prof. Dr. Ayben Koy joined the panel moderated by the Chair of the Banking and Insurance Department School of Applied Sciences, Asst. Prof. Dr. Lokman Kantar.
 
The economist Şevin Ekinci, besides touching on to what extent recent developments are influential on the financial markets, also addressed the developments in financial markets since 2009 in her speech.  Providing information about the final Turkey's macroeconomic outlook, Şevin Ekinci expressed that inflation sat on the band of 20 percent in 2019 in Turkey and decline from these levels may be difficult.
 
On the growth side, when 2019 is evaluated on quarterly basis, she said that the worst outlook is seen in the first quarter, and growth rate will decrease by at least 2.3 percent also in 2019. Believing that an agreement with the IMF after the IMM elections on June 23 would seriously eliminate the shock on the Dollar/TL, Şevin Ekinci foresees that the USD / TL exchange rate may fall back to the level of TL 5.4 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 cryptocurrencies 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.
We express our thanks to the valuable participants and our students.