Turkeys Cratering Markets Stoke Speculation Over Extreme Measures

Desperate measures are in the air in Turkey: Trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core of economic policy making. The central bank and government have remained largely silent as the currency plummeted…

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Turkish lira rebounds as Indian rupee hits record low

Fears over emerging markets currencies ease slightly amid financial crisis in Turkey The Turkish lira recovered some of its losses on Tuesday morning as Indias national currency became the latest focus of investors concerns over the strength of emerging economies. With investors fretting that Turkeys currency woes will spread, the…

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