How a nation's balance of payments impacts its currency exchange rate as evidenced by Turkey and other countries.Topics covered include:<ul><li>What is a nation's balance of payments, its current account, and its capital account</li><li>How an individual's personal financial flows are similar to those of a country</li><li>What is causing the currency crisis in Turkey and Lebanon</li><li>Why gold imports have increased by 150% in Turkey</li><li>What is the Triffin dilemma or paradox and how does it impact the United States</li><li>What individuals can do to manage currency risks</li></ul> Thanks to <a href="http://thegreatcoursesplus.com/david" rel="noopener noreferrer" target="_blank">The Great Courses Plus</a> and <a href="https://www.policygenius.com" rel="noopener noreferrer" target="_blank">Policygenius</a> for sponsoring the episode.For show notes and more information on this episode click&nbsp;<a href="https://moneyfortherestofus.com/322-currency-exchange-rates/" rel="noopener noreferrer" target="_blank">here</a>.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

The Economy Is Not a Machine

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com