Difference between Argentina crises 1990s and turkey crises 2001
is
- Argentina crises in 1990s was caused due to pro cyclical fiscal
policy and excessive foreign borrowing lead the country to face the
problem of economic shocks. While turkey crisis in 2001 was caused
due to the weak banking system and slow economic reforms resulted
in the problem of fall in capital inflows due to which currency and
banking crises has to be faced by the country
Similarity between Argentina and turkey crises-
- Both were caused due to slow economic reforms
- Both crises resulted in currency crises within the country