International Monetary and Financial Environments

Critical Thinking Assignment (100 points)

Explain the causes of the recent Turkish financial and economic crisis that started in 2018. What effect did it have on 1) the Turkish economy and 2) the global economy? What kind of fiscal and monetary policies were implemented by Turkey? What are the challenges that remain for the Turkish economy?

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Your well-written paper should meet the following requirements:

Be 5-6 pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements.
Use Saudi Electronic University academic writing standards and APA style guidelines.
Support your submission with course material concepts, principles and theories from the textbook and at least two scholarly, peer-reviewed journal articles.

this refrences should be used
Gauthier-Villars, D., & Sindreu, J. (2018, August 10). Turkish crisis rattles global markets amid escalating spat with U.S. lira drops almost 14% as international markets sour on turkey’s capacity to repay foreign-currency debts. Wall Street Journal (Online).

Obstfeld, M., & Taylor, M. A. (2017). International monetary relations: Taking finance seriously. The Journal of Economic Perspectives, 31(3), 3-28

Whittal, C. (2018, August 10). Turkey on the economic brink, explained in a dozen charts. The Wall Street Journal.

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