Turkey's Economy in Crisis?
Focus on Turkey - as an emerging economy, how vulnerable is it to monetary policy in the West?
Focus on Turkey - as an emerging economy, how vulnerable is it to monetary policy in the West? As the Federal Reserve gets ready to make a fresh announcement on the scale of its cash injections, the Turkish finance minister reacts to criticism that western monetary policy isn't to blame. Turkey has seen its markets drop, money leave its borders and its currencies fall to record lows ever since the Fed announced the end of the era of cheap money. Is there a danger that these economies could repeat the Asian financial crisis of the late 1990s?
Plus, what we can expect from new Federal Reserve Chair Janet Yellen as she holds her first meeting of the world's most powerful central bank.