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Expert briefing
Publication date: 13 October 2015

The IMF's warning, contained in its Global Financial Stability Report (GFSR), shows concerns for the vulnerabilities posed by the build-up of EM corporate debt, especially…

Expert briefing
Publication date: 16 April 2020

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Graphic analysis
Publication date: 22 May 2018

Debts issued by emerging markets have surged since 2008 and concerns are rising now monetary conditions are tightening

Expert briefing
Publication date: 17 August 2016

The gains in global equities stem from the expanding universe of negative-yielding government bonds, which now account for nearly a third of the stock of global sovereign debt…

Expert briefing
Publication date: 26 March 2019

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Expert briefing
Publication date: 17 September 2018

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…

Expert briefing
Publication date: 9 April 2018

The falling lira coincides with signs of policy disagreements and rumours of Deputy Prime Minister Mehmet Simsek's resignation. President Recep Tayyip Erdogan and his Justice and…

Expert briefing
Publication date: 15 December 2021

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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