The tragedy of Turkey’s deepening currency crisis is that it was largely self-inflicted. Though fiscal vulnerabilities had mounted for some time, it was the concentration of decision-making in the hands of President Recep Tayyip Erdogan, a man of highly unorthodox economic views, that caused markets to turn aggressively against the lira. Yet, with the global fiscal and monetary backdrop changing, what is happening in Turkey may crystallise a notable shift in investor attitudes. Other emerging markets — and some developed countries — could now be tested.
土耳其不断加剧的货币危机的悲剧在于，它在很大程度上是自己造成的。虽然一段时间以来，财政脆弱性在不断加深，但市场之所以大举狙击里拉，是因为决策大权集中在总统雷杰普•塔伊普•埃尔多安(Recep Tayyip Erdogan)——他对manbetx20客户端下载 持高度非正统观点——的手中。然而，随着manbetx app苹果 财政和货币背景的变化，土耳其正在发生的悲剧可能会导致投资者态度发生显著变化。其他新兴市场——以及一些发达国家——现在可能会面临考验。