WASHINGTON – President Recep Tayyip Erdogan is blaming the nation for Turkey’s economic, ignoring homegrown problems like high debts, raging inflation along with his own erratic policies.

Yet among the many threats facing Turkey and various emerging-market countries is actually made-in-America: By ratcheting up U.S. home interest rates, the Federal Reserve has – unintentionally – led investors to drag money out of emerging markets like Turkey, strengthened the dollar’s value generating it more difficult for foreign companies to repay their dollar-denominated debts.

 
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