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Professor Dave Explains
Exchange Rates and Trade
We've talked about free trade, but one issue is that different countries utilize different currencies, and the values of those currencies are constantly fluctuating. The value of one currency with respect to another is called an exchange...
Khan Academy
Khan Academy: Accumulating Foreign Currency Reserves
This video explains how and why a central bank would build foreign currency reserves. [3:34]
Khan Academy
Khan Academy: Debt Loops Rationale and Effects
Sal Khan discusses the positive and negative effects of China's devaluing of their currency. [12:23]
Khan Academy
Khan Academy: Financial Crisis in Thailand Caused by Speculative Attack
Sal Khan explains how a currency crisis in Thailand led to a banking crisis in the 1990s. [6:33]