The rise of central bank digital currency

The world is changing, just as once visualized by the Lord of the Rings author …
  • The most common question on most minds nowadays would probably be the concern regarding how Türkiye is planning to bring inflation down and prop up the Turkish lira. Furthermore, why won’t policymakers raise interest rates like the U.S. Federal Reserve (Fed) or the European Central Bank (ECB)?
  • Just to recapitulate an essential point: Although the entire economic outlook is not dire, nominal variables are challenging in Türkiye. Nevertheless, unemployment, growth rate, industrial production, export and fiscal budget balances are usually positive.
  • The goal, of course, is to come up with some policy suggestions, provide a fresh perspective and sift out a road map for the post-election period. After all, Türkiye is, indeed, treading a fine line between liberal and interventionist policies. Yet, it has not yet been able to fully benefit from political stability and the transformation into a presidential system.

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