"The suffering of the emerging-market economies from the expansionary policy of the developed...


"The suffering of the emerging-market economies from the expansionary policy of the developed economies will ease," says Turkey's central bank chief who believes the earthquake will redirect capital flows away from his country. TUR and TKF are about flat for the week.
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  • cynic2011
    , contributor
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    It would be interesting to see what would have happend to the emerging-market economies had the developed economies followed contractionary policies.

     

    Considering all that has happened in Turkey, their central bank chief is hardly in a position to preach to anyone.
    15 Mar 2011, 12:03 PM Reply Like
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