What Can Turkish Referendum Mean for Lira, Markets?

The video discusses the concerns of investors regarding the concentration of power in Turkey, particularly in light of the upcoming referendum. It explores the potential impact of the referendum on Turkish politics and the economy, including the central bank's independence and interest rates. The video also examines Erdogan's popularity, attributed to economic stability, and the historical context of Turkey's economic challenges.

What is the main concern of investors regarding the concentration of power in Turkey?

• The possibility of new trade agreements

• The risk of political instability

• The potential for increased taxes

• The impact on the Turkish lira

What is the maximum number of terms the president could serve if the referendum is in his favor?

• Two terms

• Three terms

• Five terms

• Four terms

How might the referendum affect the central bank's policies?

• It could lead to higher interest rates

• It might result in lower interest rates

• It could make the central bank more independent

• It might have no impact on the central bank

What is one reason for Erdogan's popularity despite claims of authoritarianism?

• His environmental policies

• His foreign policy achievements

• His educational reforms

• His economic stability measures

What historical economic challenges did Turkey face before Erdogan's leadership?

• Trade deficits

• Frequent devaluations and high inflation

• Lack of foreign investment

• High unemployment rates