search query: @indexterm SUSTAINABLE DEVELOPMENT / total: 501
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| Author: | Munir, M. |
| Title: | Sustaining the unsustainable |
| Journal: | Euromoney
1999 : APR, 4, p. 118-127 |
| Index terms: | SUSTAINABLE DEVELOPMENT TURKEY MARKETS |
| Language: | eng |
| Abstract: | Despite persistently high inflation and international financial turmoil, the Turkish economy continues to defy gravity. The country's banks lend to the treasury in lira at high interest rates. As a result, they can offer attractive interest rates on foreign currency deposits too. Armed with a fictitious $50,000, Mentin Munir finds out just how good these rates can be and explores the role played by the banks in propping up Turkey's "unsustainable" economy. |
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