Tier 3 · AdvancedFree
Geopolitics and Global Markets
The Grand Chessboard
8 modules~59 min totalVerifiable certificate on completion
Syllabus
01Exchange Rate Parity ConditionsMath
10 min02Balance of Payments and Capital FlowsMath
9 min03Currency Pegs and Speculative Attack ModelsMath
10 min04The Reserve Curse
6 min05The Financial Weapon
6 min06The Debt Trap
6 min07The Peg Breaks
6 min08The Nationalization
6 minFrom Module 1 — read a sample
If US rates are 5% and Japan rates are 2%, the yen must trade at a forward premium to prevent free money from arbitrage — the math ensures no risk-free profit exists across currencies. PPP says exchange rates should adjust so the same basket of goods costs the same in both countries, so the currency of the higher-inflation country weakens over time.
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