Major Risk Of Hard Landing In 2012

Turkey's macroeconomic imbalances haTurkey's macroeconomic imbalances have spiralled towards highly precarious levels and we are now convinced by our long-held suspicions that monetary policy has failed to provide sufficient stability to ensure a soft landing for the economy in coming quarters. The unconventional policy approach by the Central Bank of the Republic of Turkey (CBRT) of using reserve requirements and widening the interest rate corridor have so far had little positive effect on price stability and have left the financial sector highly vulnerable to external shocks and changes in the central bank's future policy approach.ve spiralled towards highly precarious levels and we are now convinced by our long-held suspicions that

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