Turkey’s crisis is not fundamentally contagious
Spillovers through trade and banking links should be limited
IN 1546 Girolamo Fracastoro, a doctor and poet, published an elegant theory of contagion. Infections spread in three ways, he argued: by direct contact, via an intermediary, or at a distance, through the air. In medicine, his theory is now considered quaint. In economics, however, it still works pretty well.
This article appeared in the Finance & economics section of the print edition under the headline “Fear of the lira”
Finance & economics August 18th 2018
- Turkey’s crisis is not fundamentally contagious
- The contrarian case for emerging markets
- Australia’s lauded private-pension system is under scrutiny
- Litigation finance offers investors attractive yields
- Life-insurance policies with perks make it to America
- New software helps uncover Mafia crime masked as ordinary business
- African governments let too many taxpayers off the hook
- How to design carbon taxes
From the August 18th 2018 edition
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