By Michael Roberts * On Friday, Californian bank Silicon Valley Bank (SVB) became the largest bank to fail since the 2008 financial crisis. In a sudden collapse that shocked financial markets, it left billions of dollars belonging to companies and investors stranded. SVB took deposits from and made loans to companies in the heartland of America’s tech sector. The US Federal Deposit ...
By Recep Erçin* The Turkish economy has suffered three major currency crises since a difficult turn was taken, the country abandoning its growth model dependent on foreign capital flow. The first crisis took place in August 2018, and was triggered by the Pastor Brunson crisis. The second shock began in the autumn of 2020 with the dismissal of the Governor ...