TEPAV Economic Policy Analyst Sarp Kalkan analyzed the differentiation of Turkey from other developing countries with respect to exchange rate and stock market movements.

The commentary assessed:

"Turkey has been differentiating substantially from other developing countries in terms of exchange rate and stock movement since the beginning of November 2010. This proves that the behavior of international fund inflows towards Turkey also differentiated remarkably. This trend which was more striking particularly before July 22 might be driven by several factors."

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