Currency crises compared

This short article deals only with some interesting features of the monetary arrangements which contributed to the crisis in Turkey and Argentina, adding Russia 1998 for good measure. There were of course in all cases serious problems with government expenditure, foreign debt and the usual weakness of political will, but the aspects here described have had less publicity. All three countries have a history of inflation, and I shall treat them in reverse chronological order.


Turkey has for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: