Presentation balance of payment
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Transcript of Presentation balance of payment
We now begin our examination of the monetary aspects of international economics after learning few weeks ago about international trade and it’s theory. And we have learn so far about economic policy and it’s implication on international trade.
Here, money is explicily brought into the picture, and commodity prices are expressed in terms of domestic and foreign currency units.
We begin our discussion of international finance by examining the balance of payments
We now begin our examination of the monetary aspects of international economics after learning few weeks ago about international trade and it’s theory. And we have learn so far about economic policy and it’s implication on international trade.
Here, money is explicily brought into the picture, and commodity prices are expressed in terms of domestic and foreign currency units.
We begin our discussion of international finance by examining the balance of payments
Introduction
Balance of Payment is a summary statement in which, in priciple, all the transactions of the residents of a nation with the residents of all other nations are recorded during a particular period of time, usually a calendar year. (Salvatore, 2007)
Balance of Payment is a statement that systematically, for specific time period, the economic transactions of an economic with the rest of the world. Transactions, for the most part between residents and non residents, consist of those involving goods, services and income (IMF, 1993)
Balance of Payment is a summary statement in which, in priciple, all the transactions of the residents of a nation with the residents of all other nations are recorded during a particular period of time, usually a calendar year. (Salvatore, 2007)
Balance of Payment is a statement that systematically, for specific time period, the economic transactions of an economic with the rest of the world. Transactions, for the most part between residents and non residents, consist of those involving goods, services and income (IMF, 1993)
Definition Balance of Payment