After a coup attempt was foiled in Turkey last July, and in the aftermath of an authoritarian crackdown on what was a liberal democracy inside a majority Islamic nation, the reign of President Recep Tayyip Erdogan is focusing on control of the independent central bank. As a fight over interest rates wages – the Central Bank of the Republic of Turkish recently raised rates against Erdogan’s publicly stated desire – Morgan Stanley has its eyes focused on Thursday, when an economic reform package is set to be announced by Erdogan’s increasingly divided administration. Falling Turkish currency a concern with sluggish…
As Erdogan Fights Turkey's Central Bank, Economic Reforms Anticipated
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.