Q The recent troubles of the Turkish's Lira offer a very interesting application of what we have studied in the second half of this course (from Week 7 to Week 11). The attached reading from the New York Times " Why Turkey’s Lira Crisis Matters Outside Turkey - The New York Times.pdf Why Turkey’s Lira Crisis Matters Outside Turkey - The New York Times.pdf - Alternative Formats ", by Matt Philips, August 13th, 2018, touches almost all the topics we have covered: a Balance of Payments problem, an exchange rate depreciation, and the risk of financial contagion. Now that you are well-versed in the language of international finance, you should be able to: • Summarize the reading (between 100-200 words; due date: Thursday 11/1 at the end of the day) • Explain how the topic discussed relates to the content we learn during lecture (between 100-200 words; due date: Thursday 11/1 at the end of the day) • A Bonus for this discussion would be if you could use a diagram (you can draw it even by hand and then upload it as a picture) to help your argument. For example, what diagram would best describe an "exodus of foreign investors"? • Tell us your personal opinion on the topic (between 100-200 words; due date: Thursday 11/4 at the end of the day) o Possible ideas for this part: What do you think the Turkish President should do to convince foreign investors not to pull their funds? • Critique/Comment on one of your colleagues opinion (at least 100 words; due date: Sunday 11/4 at the end of the day)
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