Economic Research
Investing in Turkey: It’s All in the Exchange Rate
By David Rogovic and Tim Azarchs
Jul 13, 2011
10:00:00 AM
| Last Updated
- The Central Bank of Turkey’s (CBT) dovish monetary policy stance adds to uncertainty around the future level of the Turkish lira (TRY) and makes Turkish investment a risky proposition.
- For foreigners, the rate of return on TRY assets is driven by ever-more volatile movements in the currency. Given that volatility, Turkey is increasingly attracting only speculative money that could reverse itself on a dime.
Access to this content is restricted to RGE clients.
If you have a client code, please enter it here to activate your client account.
Click here for a free trial.
Learn About Our Services:
Our dynamic and intuitive macroeconomic research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.
Our market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:
• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio
Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.
Learn More »