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It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…
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DOI: 10.1108/OXAN-DB238519
ISSN: 2633-304X
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In one of the most significant changes in direction in a major emerging market (EM) in recent years, newly appointed TCMB Governor Naci Agbal has tightened monetary policy…
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DOI: 10.1108/OXAN-DB257783
ISSN: 2633-304X
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The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…
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DOI: 10.1108/OXAN-DB279817
ISSN: 2633-304X
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The Joint Policies Agreement (JPA) issued by the NA in January promises to end President Recep Tayyip Erdogan’s unorthodox monetary policies that have worried international…
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DOI: 10.1108/OXAN-DB277929
ISSN: 2633-304X
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The lira has been steadied by a combination of a new savings scheme introduced in December aimed at reversing the ‘dollarisation’ of the economy and the halt to aggressive…
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DOI: 10.1108/OXAN-DB267522
ISSN: 2633-304X
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Moves to shore up the PPP infrastructure programme.
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DOI: 10.1108/OXAN-DB218127
ISSN: 2633-304X
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The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…
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DOI: 10.1108/OXAN-DB275967
ISSN: 2633-304X
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Prospects for Turkey to end-2017.
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DOI: 10.1108/OXAN-DB221613
ISSN: 2633-304X
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Prospects for Turkey in 2017.
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DOI: 10.1108/OXAN-DB215974
ISSN: 2633-304X
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This was the third day of protests in Bosnia-Hercegovina (BiH) against negligent and corrupt authorities. COVID-19 has revealed the extent of Bosnia’s structural, administrative…