Central banking

Turkey’s President Erdogan Ousts Central Bank Governor

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Turkey’s President Erdogan Ousts Central Bank Governor

ISTANBUL—Turkey’s President Recep Tayyip Erdogan dismissed the central bank governor as the country is beset by its second currency crisis in two years. In a decree published in the early hours of Saturday, Mr. Erdogan ended the mandate of Murat Uysal, who had led the institution since the summer of 2019, replacing him with Naci … Read more

Shinzo Abe’s Lesson for U.S.: Leaning on a Central Bank Has Its Limits

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Shinzo Abe’s Lesson for U.S.: Leaning on a Central Bank Has Its Limits

TOKYO—Japan’s next leader will face a question many other countries are now grappling with because of the coronavirus pandemic: How much can central banks do to pull economies out of a deep malaise? Shinzo Abe, who said Friday he would resign after nearly eight years in office because of illness, leaned heavily on the Bank … Read more