Selling reserves borrowed from the banks ultimately puts the health of Turkey's banks at risk.

Pay attention to banking system's foreign currency exposure to the government ...

I am back from Turkey. Great trip except for the exceedingly large man sitting next to me on the flight from Istanbul to London. That was uncomfortable. Last June, I wrote about the divergence…

Syria’s conflict just got more tangled, but there’s some hope in the deal struck by Russia, Turkey and Iran.