Turkish lira has been particularly weak as of the beginning of October. As prospects of a Federal Reserve rate in December hike boosted again, many emerging market currencies is doomed to be weak in the remainder of this year. However, Turkish lira has seemed to…
In a previous post, I noted that the shape of things to come in Turkey is getting similar to that of economic crisis occurred in South Korea in late 90s. I accept that in term of economic dynamics, South Korea differs much from Turkey as…
Time after time, we saw striking warnings about Turkish economy in reports, published by many huge international institutions. Once for all, Nomura, position Turkey at a more risky place than it does Indonesia and Brazil (in other words BIITS). Since the end of 2009, Nomura…