The Turkish Lira Crisis of 2018
The paper describes the main internal and external events leading up to the devaluation of the Turkish Lira in 2018.
Collection: IESE (España)
Ref: ECON-422-E
Format: PDF
Number of pages: 7
Publication Date: Apr 21, 2021
Language: English, Spanish
Description
The paper describes the main internal and external events leading up to the devaluation of the Turkish Lira in 2018.
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Year: 2018
Geographic Setting: Turquía
Learning Objective
The class discussion evolves around the following questions:
1) Why did Turkish companies increasingly borrow in foreign currency? Would you?
2) How does fiscal and monetary policy of large economies impact emerging economies?
3) What role did Turkish leaders play in the devaluation?
4) How should they manage it?
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