Posts Tagged Deposits Rate
Monetary Confusion and Credit Cycles

Monetary Confusion and Credit Cycles

Turkey has been an interesting experience for economists in many aspects. A central bank keeping the real interest rates extremely low in a period when the country suffers from savings gap and high inflation may be among them, despite a good economic performance.

Pretending that the central bank is the only game in town is inherited by the world of quantitative easing, where developing economies are besotted with a cheap money which has been in place for...

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