Emerging Market Crisis From Turkey – Tragedy But No Farce

(Bloomberg) --

Turkey’s central bank could cut rates on Thursday by more than markets expect, potentially sparking another lira crisis. The risk of spillover to other emerging markets is lower than a year ago -- looser policy from major central banks could make a decisive difference, according to Bloomberg Economics. But if there is contagion, BE’s scorecard highlights Argentina, South Africa and Egypt as particularly vulnerable.

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