The lira is in free-fall, and this time it might take the Turkish banking system down with it.
2018 ended with a rout in global equity markets, and the trend could well persist in the year to come.
A tentative recovery after a sell-off rippled through global equity markets yesterday.
After a new sell-off in emerging markets around the world, all eyes are on today’s US jobs report.
The third most indebted country in the world is flirting with default.
Finance Minister Berat Albayrak unveils a new austerity drive, but the plan does nothing about the mountain of toxic debt in Turkey’s private sector.
Is Turkey’s central bank truly independent, or has the “enemy of interest rates” finally relented?
The Macri administration has been plunged into a perfect economic storm. Will it be able to weather it with more ‘gradual austerity,’ or are people already fed up?
Looking beyond Turkey, here are a few vulnerable emerging markets to keep an eye on.
Tracking the global market reaction to Turkey’s currency crisis with one overriding question in mind: How big is the contagion threat?