Gao, Xiangyang; Lin, Chen; Pursiainen, Vesa; Xu, Yuchen - 2021
Depositor responses to a large currency shock vary depending on political views. Triggered by a combination of economic policies and a geopolitical conflict with the U.S., the Turkish lira depreciated 14% against the U.S. dollar on August 10, 2018. Using unique depositor-level micro data from a...