Turkey’s heavy external financing needs, in addition to the high level of foreign ownership of local debt and equities (30% of the debt market, 70% of equity), points to contagion from global risk aversion ahead and a weaker currency.
The Central Bank is in a difficult position. On the one hand, the economy is weak, domestically [...]
Entries Tagged as 'USD TRY'
TRY
April 12th, 2008 · No Comments
Tags: USD TRY