A combination of policy intervention in emerging markets and high residual risks in developed markets means volatility in emerging market currencies looks set to continue.
Western Europe
Latest articles from Turkey
Akbank's master of reinvention
March 1, 2012The new CEO of Akbank, Hakan Binbaşgil, explains to Brian Caplen how the past decade has seen the bank transformed by its embracing of new technology, pioneering new channels, targeting Turkey's youthful population, and keeping the customer central to everything it does.
Global banks go back to basics
March 1, 2012Investors appear to have lost confidence in diversified cross-border banking models, forcing banks to decide what they do best.
Short-term thinking will not bring financial and price stability
January 3, 2012Central bankers in emerging markets are discovering that they cannot achieve the twin goals of price and financial stability with the single tool of short-term interest rates.
Are emerging market banks more transparent?
December 21, 2011Banks in emerging markets appear to run greater risks to achieve greater returns. But they may just be more conservative in assessing their risks.
Isbank chief builds solid foundations for tougher times
November 1, 2011Turkey’s largest bank, Isbank, enjoyed return on equity of almost 20% in 2010, but new chief executive Adnan Bali is preparing for any fallout from the eurozone crisis and tightening margins in the competitive domestic market.
Turkey fixes a regulator that isn’t broken
November 1, 2011Turkish financial regulators are widely credited with steering the sector successfully through the global financial crisis. So why is the government abolishing their independence?
Turkey takes the lead in banking technology
September 1, 2011Turkey's banks boast the kind of technology that would make many a US or European CIO envious. How have they managed to so comprehensively leapfrog their Western counterparts, and can this growth continue?
Breakthrough year for Istanbul's international financial centre ambitions
June 1, 2011High valuations, rising equity issuance and plentiful financing in a growing variety of formats all point to Istanbul making progress toward its goal of becoming an international financial centre.
Uncertainty reigns as Turkey takes two-pronged monetary policy approach
May 4, 2011Turkey’s central bank is attempting an unusual combination of tightening monetary policy using reserve requirements, while combating speculative inflows through interest rate cuts. But the outcome remains uncertain.