Tag Archives: real

The Economist magazine recently covered Emerging Markets exchange rate issues   THE central bank of Turkey boasts an impressive art collection, including a canvas by Erol Akyavas entitled “Locus of Extremity”. That was pretty much where the central bank found itself at midnight on January 28th. Turkey’s currency, the lira, had fallen by 13% againstContinue reading “The Economist on Emerging Markets, Locus of Extremity”