Turkish crossover

Eric Nordstadt reports on the trials and tribulations of the Turkish economy in 2001 and looks at the potential for the country to attract both dedicated emerging market and crossover investment in 2002.

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EU accession euphoria, devastating earthquakes, banking crises, political fisticuffs, Argentine flu, plunging currencies and soaring bond yields. Nobody could ever accuse Turkey of being a boring credit. Over the course of the last two years the B1/B rated country has moved from being a high-yield hero to an emerging market villain, before making its first tentative steps back to being a core investment play with both dedicated emerging market portfolio investors and generalist global bond fund

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