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What is Global Financial Crisis Impact on Turkey about?

The document summarizes the 2008 global financial crisis and its effects. It notes that strains on the global financial system were expected to deepen the economic downturn worldwide. Growth was slowing in both developed and developing economies. Capital flows to emerging markets declined sharply. Financial turmoil drove a flight to quality assets. Turkey was affected through currency depreciation, rising bond spreads, and stock market losses in line with other emerging markets. The document examines Turkey

Author

Mümin Erakbaş

Language

EN