Erste Asset Management - Blog

Artikel zu Schlagwort: Quantitative easing
http://blog.en.erste-am.com/wp-content/uploads/sites/13/2015/10/iStock_000035028616_XXXLarge-890x390.jpg
Gerhard Winzer am 28th October 2015

Mario Draghi – Deflation Fighter

Ⓒ iStock.com

The arguments supporting a further rise in share prices have become stronger. The important central banks have been sending expansive signals in recent weeks, i.e. signals that support the economy and the markets. The latest measure was the statement made by the president of the European Central Bank (ECB), Mario Draghi, at the ECB press conference on 22 October.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2015/04/iStock_Türkei_Taxi_000009537748XLarge-890x390-1429797007.jpg
Sevda Sarp am 24th April 2015

Strong Dollar and Turkey

© iStock.com

In Turkey, the impact of the currency fluctuations are being discussed and even an ordinary Turk on the street knows what it means for the currency to depreciate. For example, during a cab ride, you may have a very deep economic discussion with the taxi driver about the dollar and the Turkish lira. This is as a result of the crises Turks experienced in the past – unfortunately there was more than one! This in turn, has enabled Turks to have their guard up automatically to cope with the strong dollar and there is a dollar investment mechanism in every household immediately if they get a whiff of the depreciating Turkish lira. Corporates also got used to foreign currency fluctuations, but as an import and export oriented country, the depreciating lira has some negative implications on the corporates as well as economic indicators.

After quite a stable period the Turkish lira has started depreciating against the dollar since the final months of 2014 due to a combination of: i) President Recep Tayyip Erdogan’s comments regarding the Central Bank of Turkey, ii) the ECB’s quantitative easing program, iii) woes about Greece’s exit from the EU and iv) the FED’s rate hike expectations.

Read more

Subscribe to Blog by E-Mail