Fed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly

American Central Bank Fed will start raising its interest rates by March. It will also restrict the money supply by selling bonds from its portfolio. The American dollar is the global currency, while interest rates anywhere for any type of loan and bond are determined by US rates.  Emerging Markets which carry a load of USD-denominated debt, such as Turkey are going to feel Fed’s actions in their guts.


This brief and non-technical video explains how Fed actions ripple through the global bond and equity markets to economies in remote corners of the global financial system, in particular to Turkey.


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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.