Could A Coalition of the “Friends of Turkey” Ride to Turkey’s Financial Rescue?
Published on: Wednesday 12 September 2018
Turkey is in a bit of financial trouble. It isn’t clear that today’s rate hike on its own will be enough. The rate hike will make the lira a bit more attractive to foreign investors (and will raise the return on domestic residents holding lira deposits too). But it will squeeze the banks—who run a […]
News source: https://www.cfr.org/articles/could-coalition-friends-turkey-ride-turkeys-financial-rescue
