Why has the Turkish Lira Weakened? A Story of Turkey's Economy (2020)

The Turkish economy is the 17th largest economy in the world. Its ongoing currency troubles with the Turkish lira are arguably its greatest macro economic headache at the moment.
Why has the Turkish lira plummeted by half vs the dollar since 2018?
Ultimately this is due to Turkey’s vulnerability to capital inflows, the perils of high inflation and out of step interest rates.
To unravel this complexity I need to tell you a story. A story which involves the credit crunch, cheap credit and an everyday economic instrument that the President Erdogan has called the mother and father of all evil!

As highlighted in the video, link to explanation on RESERVE CURRENCIES:
https://youtu.be/N88qQEoFf2E

#TurkishLira #Turkey #TurkeyEconomy #Lira

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video?
Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1

Follow AltSimplified on Social media:
Facebook: https://www.facebook.com/Altsimplified/
Twitter: https://twitter.com/altsimplified
Quora: https://www.quora.com/q/economicsaltsimplified
Discord: https://discord.io/altsimplified
Other Discord Link: https://discord.gg/gTzEznrmeY

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.

📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse

Видео Why has the Turkish Lira Weakened? A Story of Turkey's Economy (2020) канала Economics AltSimplified