Markets Insight: Cultures clash in Istanbul
By Ralph Atkins in Istanbul
Western regulatory medicine does not suit all
The clichés are apposite: Istanbul is where cultures collide. Europe meets Asia; Christian history meets Islam. It is also where financial market cultures clash.
Encouraging local capital and currency markets in emerging economies is a top priority for the European Bank for Reconstruction and Development, which has just held its annual meeting among the minarets in the sprawling Turkish city on the Bosporus.
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