Turkey's currency collapse shows just how vulnerable its economy is to a crisis
- Written by Can Erbil, Professor of the Practice of Economics, Boston College
Sometimes you have to look back to move forward. AP Photo/Lefteris Pitarakis
If you happen to be a tourist in Turkey right now, consider yourself lucky. Otherwise, things look grim.
The Turkish lira has lost as much as a third of its value relative to the U.S. dollar in less than a month and recently hit a record low. As a result, all imported...
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