If, by a miracle, inflation comes down in Turkey the sector most likely to be affected is banking, the business that has benefited from it and been shaped by it most. The Turkish banking sector shows many of the characteristics of the high inflation period in Latin America and will probably follow the same evolutionary path once economic stability prevails over near-chaos. This, according to a recent report by JP Morgan, is the same as the one mapped out by Darwin: survival of the fittest.
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