Turkish Policy Makers Are Missing in Action, Says Bluebay's Riley

The video discusses Turkey's economic challenges, focusing on the role of an independent central bank and the potential for capital controls. It highlights the market's demand for higher interest rates and the lack of response from Turkish policymakers. The discussion includes the possibility of turning to the IMF if rates are not increased, leading to a harder economic landing.

What role does the central bank play in an economy, and what are the potential consequences if it is not perceived as independent?

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What are the implications of a country having a current account deficit, particularly in the context of Turkey?

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What factors might lead to the implementation of capital controls in Turkey's economy?

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Discuss the potential scenarios that could arise if Turkish policymakers do not take action regarding interest rates. What might be the consequences?

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How might the Turkish economy be affected if the central bank fails to raise interest rates in a timely manner?

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