Watch Video: How Turkey is Heading Toward a Currency Crisis (2:20) (Learning Outcomes 6.1 and 6.2) and Video: Is Argentina Headed Toward a Mega Devaluation (4:49) (Learning Outcomes 6.1 and 6.2) to compare and contrast the case of two countries, Turkey and Argentina (both are in the emerging markets category) that are experiencing or are close to experiencing currency crises, today.

Can you please share your thoughts on how these crises fit into the understanding of currency crises:

- what factors cause them? (speculative attacks, flights of capital...)

- what can the government and the central bank do to ease the pain

- what can the IMF and for example, the U.S. government do (bailout packages...) to get an end to the crises

Please, also include more than these to help me out on this week's assignment