What Happens When Yen Collapses? Economist Steve Hanke On Next Currency Crisis

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0:00 - Yen intervention and why it failed
3:59 - Why the yen keeps weakening
9:00 - Yen carry trade and Treasury yields
12:03 - Bond yields, stocks, and gold
14:24 - Japan’s monetary policy problem
16:52 - How the Asian Financial Crisis began
20:27 - Indonesia’s currency collapse
23:34 - How currency boards stopped crises
28:25 - Hanke’s plan to save the rupiah
31:24 - Why the U.S. and IMF opposed the plan
33:03 - Hanke challenges the IMF’s account
48:48 - Russia’s 1998 currency collapse
53:02 - Why currency boards disappeared
56:33 - How Hanke would stabilize the yen
1:00:26 - How Hong Kong survived the crisis
1:05:21 - Defending currencies from collapse
1:09:00 - Could an Asian Financial Crisis happen again?