Statistics



Download 2,02 Mb.
bet6/7
Sana13.06.2022
Hajmi2,02 Mb.
#663476
1   2   3   4   5   6   7
Bog'liq
abcza (1)

VII Balance of payment
The Balance of Payments is a record of a country’s transactions with the rest of the world. It shows the receipts from trade. It consists of the current and financial account
T
he Balance of Payments is a record of a country’s transactions with the rest of the world. It shows the receipts from trade. It consists of the current and financial account

1. Current account


This is a record of all payments for trade in goods and services plus income flow it is divided into four parts.

  • Balance of trade in goods (visibles)

  • Balance of trade in services (invisibles) e.g. tourism, insurance.

  • Net income flows. Primary income flows (wages and investment income)

  • Net current transfers. Secondary income flows

2. Financial account
This is a record of all transactions for financial investment. It includes:

  • Direct investment. This is net investment from abroad. For example, if California’s firm built a factory in Japan it would be a debit item on California financial account)

  • Portfolio investment. These are financial flows, such as the purchase of bonds, gilts or saving in banks. They include

  • short-term monetary flows known as “hot money flows” to take advantage of exchange rate changes, e.g. foreign investor saving money in California’s bank to take advantage of better interest rates – will be a credit item on financial account

3. Capital Account


This refers to the transfer of funds associated with buying fixed assets such as land

4. Balancing Item


In practice when the statistics are compiled there are likely to be errors, therefore, the balancing item allows for these statistical discrepancies.

B
alance of payments equilibrium


  • In a floating exchange rating the supply of currency will always equal the demand for currency, and the balance of payments is zero.

  • Therefore, if there is a deficit on the current account there will be a surplus on the financial/capital account.

  • If there was an increase in interest rates this would cause hot money flows to enter California, therefore there would be a surplus on the financial account

The appreciation in the exchange rate would make exports less competitive and imports more competitive therefore with fewer exports and more imports there would be a deficit on the current account.

Download 2,02 Mb.

Do'stlaringiz bilan baham:
1   2   3   4   5   6   7




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©hozir.org 2024
ma'muriyatiga murojaat qiling

kiriting | ro'yxatdan o'tish
    Bosh sahifa
юртда тантана
Боғда битган
Бугун юртда
Эшитганлар жилманглар
Эшитмадим деманглар
битган бодомлар
Yangiariq tumani
qitish marakazi
Raqamli texnologiyalar
ilishida muhokamadan
tasdiqqa tavsiya
tavsiya etilgan
iqtisodiyot kafedrasi
steiermarkischen landesregierung
asarlaringizni yuboring
o'zingizning asarlaringizni
Iltimos faqat
faqat o'zingizning
steierm rkischen
landesregierung fachabteilung
rkischen landesregierung
hamshira loyihasi
loyihasi mavsum
faolyatining oqibatlari
asosiy adabiyotlar
fakulteti ahborot
ahborot havfsizligi
havfsizligi kafedrasi
fanidan bo’yicha
fakulteti iqtisodiyot
boshqaruv fakulteti
chiqarishda boshqaruv
ishlab chiqarishda
iqtisodiyot fakultet
multiservis tarmoqlari
fanidan asosiy
Uzbek fanidan
mavzulari potok
asosidagi multiservis
'aliyyil a'ziym
billahil 'aliyyil
illaa billahil
quvvata illaa
falah' deganida
Kompyuter savodxonligi
bo’yicha mustaqil
'alal falah'
Hayya 'alal
'alas soloh
Hayya 'alas
mavsum boyicha


yuklab olish