Turkey Is an Emerging-Market Crisis, Columbia's Tooze Says

The transcript discusses Turkey's economic situation, highlighting its past success and current challenges. It explores the potential for contagion in global markets, the role of Erdogan's policies, and the impact on European banks. The discussion also covers Turkey's geopolitical position and the limited options for financial assistance, emphasizing the need for policy shifts to address the crisis.

How does the current economic crisis in Turkey compare to past crises in other emerging markets?

What are the possible outcomes if Turkey does not seek external financial assistance?

In what ways could the geopolitical situation affect Turkey's economic recovery?