Posts Tagged Devaluation
Does Turkey Have Sufficient Foreign Exchange Reserves ?

Does Turkey Have Sufficient Foreign Exchange Reserves ?

What sort of crisis is now confronting the emerging world? The question commonly has been a matter of debate for a while. One thing most economists seem to agree on is that this is not a replay of the late 1990s. There are no exchange-rate pegs and large debts denominated in foreign currencies to be threatened by capital outflows anymore. However, following the capital rushing to the developing world,  private firms started to have quite a lot of...

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