3min chapter

Hidden Forces cover image

Why You Should Care About Turkey’s Elections | Nicholas Danforth & Amberin Zaman

Hidden Forces

CHAPTER

The Economic Situation in Turkey Right Now

Erdogan's obsession with low interest rates is cited as one of the reasons that the Turkish lira has been bleeding so massively over the past few years. The rule of law is an important part of this story, and it's hard to envision that he would revert to economic orthodoxy. But if he persists in this course, we may actually see some kind of balance of a famous crisis.

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