Tag: emerging markets
How do you value pieces of paper? What creates currency? What makes the dollar a reserve currency? There are several different models used to value currency, including Purchasing Power Parity and the BEER (Behavioral Equilibrium Exchange Rate) model, amongst others. There are several variables that go into those models, most notably conditional expectations, current rates, […]
https://castbox.fm/vb/88765713 An analysis of how we value currency, what is going on with the lira, and how it affects all emerging market. Enjoy!