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Turkey Gets Aggressive on Rates

Wall Street Journal Original article ›

Keywords:


Turkey's central bank

09/29/2011

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Turkey Gets Aggressive on Rates

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The risk of dollar denominated loans in Turkey, India, Brazil, S. Korea and other emerging markets as local currencies depreciate- 2013-2015

05/07/2012

As currencies in emerging markets, the real in Brazil, the rupee in India, the lira in Turkey depreciate in value, it becomes more difficult for borrowers in these countries to pay back loans denominated in dollars. During the period of quantitative easing policies of U.S. Federal Reserve chairman Bernanke following the financial crisis of 2008-2009, low U.S. interest rates and strong local currencies made it cheaper to borrow in dollar denominated loans than pay the higher interest for local currency loans in reals, rupees or lira.

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Istanbul Skyline Reflects Cheap Dollars Now Growing Scarce

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Mom-and-Pop Investors Bolt Emerging Markets

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Rupee Throws Oil on India's Subsidy Problem

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Emerging Stocks' Emerging Problems

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Brazil Struggles With Weakening Currency

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Turkey's current account deficit in 2011-2013

10/19/2010

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Turkey Must Balance Success With Excess

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A Warning Light to Alert the I.M.F.

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Mom-and-Pop Investors Bolt Emerging Markets

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Turkey’s Rapidly Rising Currency Has Downside

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Turkish Intervention Fails to Stem Lira Sell-Off

Wall Street Journal 01/24/2014

Turkey Gets Aggressive on Rates

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Is Erdogan missing the lessons from the 2009 elections- AK Party depends on economic growth for voter support, which requires investor confidence for foreign capital inflows

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Grouped Articles

A wake-up call from the voters

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Turkish Leader Rides Spending Toward Win

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Turkey's Economy Surged 11% in Quarter

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Turkish Intervention Fails to Stem Lira Sell-Off

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Prime Minister Recep Tayyip Erdogan Gains Ground in Turkish Elections

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Turkey Gets Aggressive on Rates

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