Turkey’s Increasing Balance Sheet Risks | Council on Foreign Relations

Turkey’s Increasing Balance Sheet Risks Turkey is heading for a classic currency crisis.  All of its reserves and then some are borrowed. Blog Post by Brad W. Setser June 6, 2023 5:07 pm (EST) Turkey’s President, Recep Tayyip Erdogan, appears to have secured his own reelection. He now has to find a way to avoid what appears to be an imminent financial crisis. More:Turkey’s Increasing Balance Sheet Risks | Council on Foreign Relations