Why Currency Exchange Rates Matter

How a nation's balance of payments impacts its currency exchange rate as evidenced by Turkey and other countries.

Topics covered include:

• What is a nation's balance of payments, its current account, and its capital account
• How an individual's personal financial flows are similar to those of a country
• What is causing the currency crisis in Turkey and Lebanon
• Why gold imports have increased by 150% in Turkey
• What is the Triffin dilemma or paradox and how does it impact the United States
• What individuals can do to manage currency risks

Thanks to The Great Courses Plus and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

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