Whether by accident or design, Turkey is trying to rewrite the chapter on crisis management in the emerging-market playbook.

Rather than opting for interest-rate hikes and an external funding anchor to support domestic policy adjustments, the government has adopted a mix of less direct and more partial measures — and this at a time when Turkey is in the midst of an escalating tariff tit-for-tat with the US, as well as operating in a more fluid global economy.