Turkish banks: credit agencies list reasons to worry | beyondbrics
"At the moment Turkey’s banks have a large stock of external debt, around 21 per cent of the value of their deposits. On their own the banks may be able to deal with a slightly higher rate of NPLs, but the risk is of a double whammy of rising external costs and a deteriorating loan book. If any rise in the cost of servicing this foreign currency denominated debt and in securing funding from abroad is passed on to borrowers the this could create a vicious cycle, as higher borrowing costs push the economy down even further, and turning a credit boom into a deep bust."
Autos: empiezan las suspensiones en Brasil por culpa de la Argentina
French automaker Peugot has suspended production in Brazil, blaming th...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.