{"id":3591,"date":"2018-05-28T21:05:40","date_gmt":"2018-05-28T21:05:40","guid":{"rendered":"http:\/\/blogs.plymouth.ac.uk\/dcss\/?p=3591"},"modified":"2018-05-28T21:05:40","modified_gmt":"2018-05-28T21:05:40","slug":"turkeys-currency-meltdown","status":"publish","type":"post","link":"https:\/\/blogs.plymouth.ac.uk\/dcss\/2018\/05\/28\/turkeys-currency-meltdown\/","title":{"rendered":"TURKEY\u2019S CURRENCY MELTDOWN"},"content":{"rendered":"<p><a href=\"http:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3593\" src=\"http:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira.jpg\" alt=\"\" width=\"1000\" height=\"799\" srcset=\"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira.jpg 1000w, https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira-300x240.jpg 300w, https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira-768x614.jpg 768w, https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira-560x447.jpg 560w, https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira-260x208.jpg 260w, https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-content\/uploads\/sites\/50\/2018\/05\/Turkish_lira-160x128.jpg 160w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/p>\n<p>Source: WSJ<\/p>\n<p>By The Editorial Board<\/p>\n<p>Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets caught with bad policies when the tide suddenly goes out. Argentina has been getting that re-education of late, and now Turkey is watching capital flee for safer climes.<\/p>\n<p>Turkey\u2019s lira fell as much as 5% on Wednesday, and it\u2019s lost more than a fifth of its value this year, adding to a long decline that is forcing extreme monetary measures to compensate.<\/p>\n<p>Much of the blame lies with President Recep Tayyip Erdogan, as Turkey has been running a current-account deficit that is on trend to exceed 6% of GDP. Turkey has been growing rapidly but the growth has been heavily financed by dollar-denominated investment.<\/p>\n<p>Read more at: https:\/\/www.wsj.com\/articles\/turkeys-currency-meltdown-1527114107?mod=searchresults&amp;page=1&amp;pos=1<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: WSJ By The Editorial Board Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets caught with bad policies when the tide suddenly goes out. Argentina has been getting that re-education of late, and now&hellip; <a class=\"more-link\" href=\"https:\/\/blogs.plymouth.ac.uk\/dcss\/2018\/05\/28\/turkeys-currency-meltdown\/\">Continue reading <span class=\"screen-reader-text\">TURKEY\u2019S CURRENCY MELTDOWN<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security-and-strategy","entry"],"_links":{"self":[{"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/posts\/3591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/comments?post=3591"}],"version-history":[{"count":1,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/posts\/3591\/revisions"}],"predecessor-version":[{"id":3594,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/posts\/3591\/revisions\/3594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/media\/3593"}],"wp:attachment":[{"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/media?parent=3591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/categories?post=3591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.plymouth.ac.uk\/dcss\/wp-json\/wp\/v2\/tags?post=3591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}