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Ahead of the elections, public attention was firmly focused on the state of the economy, particularly budget execution and foreign direct investment (FDI). The issue of social…
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DOI: 10.1108/OXAN-DB245015
ISSN: 2633-304X
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The long-running weakness of the lira, which accelerated this month, has forced up prices and market interest rates, depressed asset values, dampened confidence in the economy and…
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DOI: 10.1108/OXAN-DB233743
ISSN: 2633-304X
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The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…
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DOI: 10.1108/OXAN-DB266151
ISSN: 2633-304X
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However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…
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DOI: 10.1108/OXAN-DB206415
ISSN: 2633-304X
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Prospects for Turkey in 2022.
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DOI: 10.1108/OXAN-DB265520
ISSN: 2633-304X
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On the international front, India remains embroiled in a border stand-off with strategic rival China. The economy, meanwhile, may be slowly pulling out of its pandemic-related…
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DOI: 10.1108/OXAN-DB257515
ISSN: 2633-304X
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This is the most significant upgrade in US-Cyprus relations since the ban was imposed in 1987, and marks a definitive shift for Cyprus from Russia to the West. However, the…