1. TALL MONUMENTS TO END OF A BOOM AND EASY CREDIT.
- Author
-
THOMAS Jr., LANDON
- Subjects
- *
SKYSCRAPERS , *INTEREST rates , *LOANS , *TURKISH lira , *FOREIGN exchange rates , *TWENTY-first century , *ECONOMICS ,ECONOMIC conditions in Turkey - Abstract
The article discusses the relationship between an abundance of skyscrapers in Istanbul, Turkey and lending at low interest rates in Turkey as of August 20, 2013. Topics addressed include a possible withdrawal of investment in Turkey and other emerging Asian economies due to the U.S. Federal Reserve's (Fed) potential increase of interest rates in the U.S., the value of the Turkish lira currency relative to the U.S. dollar, and the economic aspects of the Sapphire tower in Istanbul.
- Published
- 2013