Shock Inference Lab

Turkish lira crisis

2018-08-10 · Türkiye · crisis · severity 4/5

Lira drops 20% in days; Erdogan-Trump dispute; CBRT eventually hikes 625bp.

Pre/post market reaction

WindowTR 10Y ΔUS 10Y ΔSpread Δ
1d0.00pp0.00pp0.00pp
1w0.00pp0.00pp0.00pp
1m-0.47pp+0.07pp-0.54pp
3m-1.64pp+0.13pp-1.77pp

Yields at monthly resolution; sub-month windows interpolated. pp = percentage points.

Systemic crisis

Cross-asset stress.

Inference scores

constraining
confidence: high

Bond stress preceded a category consistent with policy reversal.

Early warning95/100

Abnormal yield move before the event (90d proxy).

Reaction99/100

Abnormal yield move after the event (1m / 3m).

Constraint82/100

Lead/lag band: early-signal.

Amplification36/100

Post-event move beyond pre, on a crisis backdrop.

Confidence90/100

Severity × benchmark coverage × data coverage.

v1 scores use a simple factor model on monthly yields. See docs/METHODOLOGY.md.

AI Inference

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