Why #TRY is the most impacted EM currency by #ARS contagion ?
Because Turkey is a high beta economy so she cannot escape from the gravity of Argentina turmoil.
Because Turkey is a high beta economy so she cannot escape from the gravity of Argentina turmoil.
https://twitter.com/robinbrooksiif/status/1161250682332205058?s=21
1) Arbitrary decisions and discretionary interventions have become standard government policy. There has been suspicions about the reliability of official data since last April.
2) Risk perception is high due to alarming deteriorating of fiscal outlook.
2) Risk perception is high due to alarming deteriorating of fiscal outlook.
3) What happened at the end-of-March in off-shore TL market affected foreign investors very deeply and their behavior has changed fundamentally since then.
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