How Contagious Is Turkey?

How Contagious Is Turkey?

by Fixed Income AllianceBernstein

The Turkish lira has dropped 35% as of August 16, putting pressure on inflation as well as the country’s debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don’t expect contagion to expand much further from here.

Copyright © AllianceBernstein

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