Turkey’s currency turmoil follows a well-known scenario.
It is one more case in the long series of financial crises that afflict the international monetary system.
- Antony Mueller
- Seeking Alpha
Just over the past two-and-half-decades, international markets experienced the crisis of the British pound (1992), the Mexican and Argentinean currency crises (1994), the East Asia currency turmoil (1997), and the collapse of the…
In 2007, the liquidity-driven housing boom in the United States began to falter and Lehman Brothers filed for bankruptcy threatening the global financial system.
In 2009, the…