介绍： We’ve seen this all before and the run-up to previous global crises, notably the Asian financial crisis of the late 90 s and that’s why investors are concerned.Turkey had gorged itself with cheap foreign loans，many held in US dollars.When interest rates were low in the US and elsewhere, foreign capital flo...

介绍： We’ve seen this all before and the run-up to previous global crises, notably the Asian financial crisis of the late 90 s and that’s why investors are concerned.Turkey had gorged itself with cheap foreign loans，many held in US dollars.When interest rates were low in the US and elsewhere, foreign capital flows also poured in to take advantage of relatively higher interest rates in Turkey.US interest rates have risen, making the US an attractive investment destination.A financial bubble expanded as the cash flowed in.But now global economic conditions have changed.The US dollar has strengthened, making it more expensive to pay back dollar denominated loans with the Turkish lira.And amid several political tussles, Donald Trump appears determined to use the US’s economic clout to stamp what he feels is Washington’s supremacy over Ankara.