A police officer patrols outside the US consulate in Istanbul. The US halted the issuing of regular visas in Turkey, sending the country’s markets plunging on Monday. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Four reasons why financial contagion has gone away – at least for now

There is ‘plenty of scope for the kind of financial shock which could lead to the return of systemic risk’

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A police officer patrols outside the US consulate in Istanbul. The US halted the issuing of regular visas in Turkey, sending the country’s markets plunging on Monday. Photo: AFP
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