RaboResearch - Economic Research

Economic Update

Emerging markets – US tapering has a big impact

US tapering is leading to portfolio outflows in emerging markets, especially in countries that are running both a current account and budget balance deficit.

Country Report

Country Report Turkey

Turkey’s large current account deficit and its small stock of foreign reserves make it vulnerable to the effects of tapering by the US Federal Reserve. Meanwhile, there have also been several important political developments.

Economic Report

The Turkish 2000-01 banking crisis

Turkey experienced a severe banking crisis during 2000 and 2001. The crisis had a major impact on banking supervision and regulation, as both were extensively strengthened.