1. According to the first WSJ article, Turkish lira lost almost half of its value in December 2021. How did Mr. Erdogan's policies contribute to this depreciation and subsequent inflation in Turkey? 

2. Depreciating lira is also prompting local residents to convert lira bank deposits into dollar deposits. With a help of supply and demand model, please explain how this is affecting lira's exchange rate.

3. According to the second WSJ article, the Turkish government may have found a short-term solution to stop free-falling lira. How did Turkish government stop lira from depreciating? Why do analysts doubt this is a long-term solution?

4. Please take a look at lira/dollar exchange rate chart at the following link: https://www.xe.com/currencycharts/?from=TRY&to=USD&view=2Y

Do you think Turkish government's actions were effective?

First article: https://www.wsj.com/articles/why-the-turkish-lira-is-falling-like-a-rock-11638882292

Second article: https://www.wsj.com/articles/turkey-rolls-out-economic-rescue-plan-reversing-lira-spiral-11640091727