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 countryās 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 donāt expect contagion to expand much further from here.
Copyright Ā© AllianceBernstein
