Murat Uysal, Turkey’s new central bank governor
As autocrats around the world are well aware, emerging-market investors love stability. Give them a competent strongman with a dubious human rights record over a chaotic democracy any day.
A notable beneficiary of this phenomenon in recent years has been Recep Tayyip Erdogan, Turkey’s authoritarian president.
His firm grip on power – along with excellent demographics and a sturdy banking sector – has helped persuade investors to keep faith with Turkey through an attempted coup, successive stand-offs with Russia and the US, and last summer’s currency crisis.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
