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  • "ın truth, worries about turkey melting down the global economy are misplaced. unlike during the asian financial crisis in the late 1990s, when the collapse of the thai currency unleashed regional upheaval, turkey’s problems are less an indicator of systemic weakness across developing economies than the outgrowth of factors that are specific to ankara. these include a politicized monetary policy, the highest current account deficit among the g20 developing economies, the most foreign-denominated private-sector debt of any emerging market, and a gratuitous fight with washington that has escalated into sanctions."

    https://www.theatlantic.com/…rkey-strongman/570514/
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