Aug
27
The Turkish economy took a body blow when its currency depreciated earlier this month. After things calmed in recent days, the lira’s selloff continued Monday and investors worry more market dislocation lies ahead.
“Turkey has seen a lot of crises in the past,” said Rob Drijkoningen, co-head of emerging-market debt at Neuberger Berman. The only question is “the willingness of policy makers to take the medicine that the market requires to make the turnaround,” he added…
What Turkey Can Do if Market Troubles Return
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