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.

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