The reason that Thai banks went to American banks in order to obtain funds was because the credit market in Thailand had dried up. Thai banks were not able to secure funds in the Thai financial market.  

In the 1800s, most countries had relatively long life spans, despite low incomes. 

According to the World Bank, extreme poverty (at the time of the recording of the video) was defined as living on $3.20 or less a day. 

Argentina wants to weaken its currency. Thus it needs to make it more scarce. 

For the following questions, answer the following in terms of how the USA’s balance of payments is affected: A = (+) impact on the current account B = (-) impact on the current account C = (+) impact on the capital account D = (-) impact on the capital account Investors in Thailand borrow money from an American bank so that they can construct a new housing complex.  

Suppose Thailand has a less favorable return on investment compared to other nations. We know that capital will leave Thailand, heading for other nations with more favorable returns. 

Assume that area B is .5 (again using the same type of graph from lecture). From this we know that area A is:  

The USA had a major role in ending the crisis in Thailand by providing them with a large loan which infused a great deal of USD into the economy and propped up their reserves. 

Venezuela’s food situation is best described as: 

The European Monetary Union (EMU) sets fiscal policy, but not monetary policy, for the member countries.