Turkey: How to Boost Growth Without Increasing Imbalances

By Isabel Rial, Suchanan Tambunlertchai, and Alexander Tieman: Turkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external […]

Will the Ruling AKP Pay for the Turkish Graft Scandal in the Upcoming Local Elections?

If nothing else, the Turkish graft scandal has put the country right in investors’ radars. The FT, WSJ, Bloomberg, Reuters and the like each have not one, but several stories on Turkey everyday. Being in the spotlight is exciting, and the long-term prospects of Turkey are important for anyone considering FDI in the country, not […]

Emerging Markets: What Has Changed

(from my colleagues Dr. Win Thin and Ilan Solot)  1) Optimism about Petrobras and BRL was dented as Friday’s key event was postponed 2) RBI Governor Rajan continues to push with his aggressive reforms 3) Turkey gave more hawkish-than-expected guidance on rates 4) Czech central bank hints at further action Over the last week, China […]

More on oil prices

Just a short follow-up to my latest post on oil prices: A commenter advised me to look at the term structure of oil prices.  The term structure was really important in the past; it hasn’t been of late, but the shift from backwardation to contango did catch the change of direction in oil prices back […]

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