Lira Lessons for Democracies: Respect Institutions or Else

Turkish currency Lira fell nearly 40 percent in 2018. The currency has been in free fall yet again, following the announcement of results of municipal elections in Turkey last month.

But why should a country’s sovereign currency fall because of municipal election results?

What has happened in Turkey - both in its municipal elections and how its 'supreme leader' Recep Erdogan has controlled institutions - has many lessons for here in India. Learn more about your ad choices. Visit megaphone.fm/adchoices

Release date

Audiobook: May 10, 2019