Question
Turkish Lira depreciated in 2018 against the US dollar. If US interest rates were rising, would that make holding US bonds less or more attractive?
Turkish Lira depreciated in 2018 against the US dollar. If US interest rates were rising, would that make holding US bonds less or more attractive? Would that increase or decrease the Turkish supply to USD, depreciating the turkish lira? Would that increase or decrease the Turkish demand to USD, depreciating the turkish lira?
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
