This paper aims to analyse the effects of monetary policy, a macroeconomic policy that is used to reach economic objectives such as lower unemployment, economic growth, and stable national currency and inflation (Iordachioaia, 2011). Indeed, several articles and books have emphasised the economic importance of monetary policy. The theoretical model of monetary policy is highlighted in “Principles of...

In the last years relations between Ankara and Moscow have drastically changed and the impact of situations in Syria as well as internal political struggles in Turkey are intensely covered over the background of bilateral relations. Yet, developments in the Caucasus as an important strategic arena were still underreported and seemed to stay a subject of a close circle of regional experts.   Even...

Yes, it might sound unusual: the meaning of the name of Karabakh (in most literature “Nagorno” (Mountainous) is added in front of it), a remote region between Armenia and Azerbaijan, is “black garden”. But ironically, after all the disputes, fights, and tragedies happening there around for almost three decades it is impossible to describe that “garden” without...

What’ve been said in Trumpian ‘National Security Strategy’ is not real. The paper has very little to do with the mark together view of what Trump does and what he says. Unlike domestic policy, several contradictory positions on a single foreign policy issue is a disgrace. What does the strategy paper say? Predominantly three words: competitors, dictators, and irresponsible states are...

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