Volatility

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How Contagious Is Turkey?

How Contagious Is Turkey?

by Morgan Harting, Christian DiClementi
The Turkish lira has dropped 38% as of August 28, 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.

Currency, Emerging Markets, Fixed Income, Multi-Asset, Volatility


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