EMs with large external funding needs are under pressure. The Turkish Lira is one of the currencies in focus. We present external funding scenarios to
This report-produced in partnership with the Center for Financial Inclusion at Accion and based on in-depth interviews with banks, fintechs, and other
Turkey hikes rates to support the lira-will this movie replay in other markets? Rise in EM local currency yields has been modest, compared to the tape
The Argentinian Peso and Turkish Lira have fallen sharply this year, but spillovers to the broader emerging markets complex have been limited. We e