How Bad is Fed Taper for Turkish Assets?

Atilla YeşiladaPosted on

 

How Bad is Fed Taper for Turkish Assets?

 

  • Fed is changing its monetary policy. What does it intend to do?

 

  • Why does Fed “tapering” is an issue for global markets?

 

  • What happened in the 2013 taper tantrum?

 

  • Turkey is one of the most highly indebted Developing Nations.

 

  • 60-70% of FX debt is in dollars.

 

  • US dollar appreciation and a jump in US bond yields are bad news for Turkish assets.

 

  • Fed taper could also hurt the economy, and strangely enough AKP.

 

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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.