Macedonia's Balance of Payments
|
|
|
- Reginald Hector Robertson
- 6 years ago
- Views:
Transcription
1 Macedonia's Balance of Payments Macedonia. Use the following Macedonia balance of payments data to answer questions 1 through 4. Note that the data presented in the text is insufficient to answer the question asked. Goods: exports 1, , , , , , , ,039.6 Goods: imports 1, , , , , , , ,097.1 Balance on goods , ,057.5 Services: credit Services: debit Balance on services Income: credit Income: debit Balance on income Current transfers: credit ,109.5 Current transfers: debit Balance on current transfers ,064.8 A. Current account balance B. Capital account balance C. Financial account balance D. Net errors and omissions E. Reserves and related items What is Macedonia's balance on goods? , , What is Macedonia's balance on services? What is Macedonia's balance on goods and services? , ,091.2 (balance on goods + balance on services 4.4 What is Macedonia's current account balance? (the sum of the four balances listed above goods, services, income, and current transfers Additional Questions A. Is Macedonia experiencing a net capital inflow or outflow? "inflow" "inflow" "inflow" "inflow" "inflow" "inflow" "inflow" "inflow" B. What is Macedonia's Total for Groups A and B? C. What is Macedonia's Total for Groups A through C? D. What is Macedonia's Total for Groups A through D?
2 Australia's Current Account Australia s Current Account. Use the following data from the International Monetary Fund to answer questions 5 through 8. Goods: exports 55,884 56,096 64,052 63,676 65,099 70,577 87, ,969 Goods: imports 61,215 65,857 68,865 61,890 70,530 85, , ,372 Balance on goods -5,331-9,761-4,813 1,786-5,431-15,369-18,031-13,403 Services: credit 16,181 17,399 18,677 16,689 17,906 21,205 26,362 28,442 Services: debit 17,272 18,330 18,388 16,948 18,107 21,638 27,040 29,360 Balance on services -1, Income: credit 6,532 7,394 8,984 8,063 8,194 9,457 13,969 16,969 Income: debit 17,842 18,968 19,516 18,332 19,884 24,245 35,057 43,746 Balance on income -11,310-11,574-10,532-10,269-11,690-14,788-21,088-26,777 Current transfers: credit 2,651 3,003 2,622 2,242 2,310 2,767 3,145 3,262 Current transfers: debit 2,933 3,032 2,669 2,221 2,373 2,851 3,414 3,625 Balance on current transfers What is Australia's balance on goods? -5,331-9,761-4,813 1,786-5,431-15,369-18,031-13, What is Australia's balance on services? -1, What is Australia's balance on goods and services? -6,422-10,692-4,524 1,527-5,632-15,802-18,709-14,321 (balance on goods + balance on services) 4.8 What is Australia's current account balance? -18,014-22,295-15,103-8,721-17,385-30,674-40,066-41,461 (the sum of the four balances listed above, goods, services, income, and current transfers)
3 People's Republic of China (Mainland) Balance of Payments China s (Mainland) Balance of Payments. Use the following Chinese balance of payments data from the IMF to answer questions 9 through 12. Note that the data presented in the text is insufficient to fully answer the questions asked. Goods: exports 183, , , , , , , ,484 Goods: imports 136, , , , , , , ,295 Balance on goods 46,614 35,982 34,474 34,017 44,167 44,652 58, ,189 Services: credit 23,895 26,248 30,430 33,334 39,745 46,734 62,434 74,404 Services: debit 26,672 31,589 36,031 39,267 46,528 55,306 72,133 83,795 Balance on services -2,777-5,341-5,601-5,933-6,783-8,572-9,699-9,391 Income: credit 5,584 8,330 12,550 9,388 8,344 16,095 20,544 38,959 Income: debit 22,228 22,800 27,216 28,563 23,289 23,933 24,067 28,324 Balance on income -16,644-14,470-14,666-19,175-14,945-7,838-3,523 10,635 Current transfers: credit 4,661 5,368 6,861 9,125 13,795 18,482 24,326 27,735 Current transfers: debit ,428 2,349 Balance on current transfers 4,279 4,944 6,311 8,492 12,984 17,634 22,898 25,386 A. Current account balance 31,472 21,115 20,518 17,401 35,423 45,876 68, ,819 B. Capital account balance ,102 C. Financial account balance -6,275 5,204 1,958 34,832 32,341 52, ,729 58,862 D. Net errors and omissions -18,902-17,641-11,748-4,732 7,504 17,985 26,834-16,441 E. Reserves and related items -6,248-8,652-10,693-47,447-75, , , , What is China's balance on goods? 46, , , , , , , , What is China's balance on services? -2, , , , , , , , What is China's balance on goods and services? 43, , , , , , , ,798.0 (balance on goods + balance on services) 4.12 What is China's current account balance? 31, , , , , , , ,819.0 (the sum of the four balances listed above, goods, services, income, and current transfers) Additional Questions A. Is China experiencing a net capital inflow or outflow? -6,322 5,178 1,923 34,778 32,291 52, ,660 62,964 "outflow" "inflow" "inflow" "inflow" "inflow" "inflow" "inflow" "inflow" B. What is China's Total for Groups A and B? 31,425 21,089 20,483 17,347 35,373 45,828 68, ,921 C. What is China's Total for Groups A through C? 25,150 26,293 22,441 52,179 67,714 98, , ,783 D. What is China's Total for Groups A through D? 6,248 8,652 10,693 47,447 75, , , ,342
4 Uruguay's Current Account Use the following Uruguay balance of payments data from the IMF (all items are for the current account) to answer questions 13 through 17. Goods: exports 2, , , , , , , ,758.0 Goods: imports 3, , , , , , , ,729.9 Balance on goods Services: credit 1, , , , , ,329.4 Services: debit Balance on services Income: credit Income: debit ,152.3 Balance on income Current transfers: credit Current transfers: debit Balance on current transfers What is Uruguay's balance on goods? What is Uruguay's balance on services? What is Uruguay's balance on goods and services? What is the balance on goods, services and income? What is Uruguay's current account balance?
5 Euro Area Balance of Payments Euro Area Balance of Payments. Use the following Euro Area balance of payments data from the IMF to answer questions 18 through 21. Note that the data presented in the text is insufficient to fully answer the questions posed. Assumptions (billions of US dollars) Goods: exports , , ,521.5 Goods: imports , , ,464.4 Balance on goods Services: credit Services: debit Balance on services Income: credit Income: debit Balance on income Current transfers: credit Current transfers: debit Balance on current transfers A. Current account balance B. Capital account balance C. Financial account balance D. Net errors and omissions E. Reserves and related items What is the Euro Area's balance on goods? What is the Euro Area's balance on services? What is the Euro Area's balance on goods and services? (balance on goods + balance on services) 4.21 What is the Euro Area's current account balance? (the sum of the four balances listed above, goods, services, income, and current transfers) Additional Questions A. Is the Euro Area experiencing a net capital inflow? "outflow" "inflow" "inflow" "outflow" "outflow" "outflow" "outflow" "intflow" B. What is the Euro Area's Total for Groups A and B? C. What is the Euro Area's Total for Groups A through C? D. What is the Euro Area's Total for Groups A through D?
6 Argentina's Balance of Payments Argentina s Balance of Payments. Argentina used a currency board to maintain its peso on a par with the U.S. dollar. However, in January 2002 the peso collapsed. Argentina s BOP could have signaled this event. Listed below is Argentina s BOP for the period Use this data to answer questions 22 through 28. A. Current Account Goods: exports 26,434 23,309 26,341 26,543 25,651 29,939 34,576 40,106 Goods: imports 29,531 24,103 23,889 19,158 8,473 13,134 21,311 27,302 Balance on goods -3, ,452 7,385 17,178 16,805 13,265 12,804 Services: credit 4,854 4,719 4,936 4,627 3,442 4,409 5,103 6,098 Services: debit 9,298 8,830 9,219 8,490 4,973 5,715 6,619 7,601 Balance on services -4,444-4,111-4,283-3,863-1,531-1,306-1,516-1,503 Income: credit 6,134 6,075 7,420 5,358 3,022 3,086 3,467 4,099 Income: debit 13,538 13,565 14,968 13,085 10,059 11,057 12,392 10,308 Balance on income -7,404-7,490-7,548-7,727-7,037-7,971-8,925-6,209 Current transfers: credit ,113 1,235 Current transfers: debit Balance on current transfers Current Account Balance (Group A) -14,481-11,942-8,980-3,780 9,161 8,051 3,426 5,705 B. Capital Account (Group B) C. Financial Account Direct investment abroad 2,325 1, ,151 Direct investment in Argentina 7,291 23,988 10,418 2,166 2,149 1,652 4,274 4,730 Direct investment in Argentina, net 4,966 22,258 9,517 2,005 2,776 2,426 4,716 5,881 Portfolio investment assets, net -1,906-2,005-1, ,368 Portfolio investment liabilities, net 10,693-4,780-1,331-9,715-5,117-7,663-9,339-1,922 Balance on other investment assets and liabilities, net 5,356 1,838 2,287-5,566-9,925-4,581-2,636-3,501 D. Net Errors and Omissions ,810-1,832-1, E. Reserves and Related Items -4,090-2,013 1,176 21,405 13,402 9,077 6,993-7,594 Questions 4.22 What is Argentina's balance on goods and services? -7,541-4,905-1,831 3,522 15,647 15,499 11,749 11, What is Argentina's current account balance? -14,481-11,942-8,980-3,780 9,161 8,051 3,426 5, What seems to have been the primary driver in Argentina's current account balance? income debit income debit income debit income debit income credit income credit income credit income credit 4.25 What is Argentina's financial account balance? 19,109 17,311 9,221-13,064-11,789-9,913-7,336 1, What is Argentina's Total for Groups A through C? 4,701 5, ,687-2,222-1,792-3,867 7, What is Argentina's Total for Groups A through D? 4,264 4, ,497-4,054-3,129-3,757 7, Unless the financial account could grow a very large surplus, a crisis will ensue.
7 Problem 4.29 Trade Deficits and J-Curve Adjustment Paths Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar, say 18% on average against all major trading partner' currencies. What is the pre-devaluation and post-devaluation trade balance? Assumptions Values Initial spot exchange rate, $/fc 2.00 Price of exports, dollars ($) Price of imports, foreign currency (fc) Quantity of exports, units 100 Quantity of imports, units 120 Percentage devaluation of the dollar 18.00% Price elasticity of demand, imports (0.900) a. What is the pre-devaluation trade balance? Revenues from exports, $ $2,000 Expenditures on imports, fc 1,440 Expenditures on imports, $ $2,880 Pre-devaluation trade balance ($880) b. Resulting trade balance immediately after devaluation? Revenues from exports, $ $2,000 Expenditures on imports, fc 1,440 New spot exchange rate, after devaluation 2.36 Expenditures on imports, $ $3,398 Post-devaluation trade balance (currency contract period) ($1,398)
2. (Figure: Change in the Demand for U.S. Dollars) Refer to the information
Name: Date: Use the following to answer questions 1-3: Figure: Change in the Demand for U.S. Dollars 1. (Figure: Change in the Demand for U.S. Dollars) Refer to the information in the figure. The change
BOP Statistics. Aspects of the BOP Accounting System
Balance of Payments (BOP) Accounting System Double entry bookkeeping system Measures and records all economic transactions between residents of one country and residents of all other countries during specified
International Finance
International Finance 19 1 Balance of Payments International economic transactions Flow of transactions period of time May not involve cash payments Double-entry bookkeeping Credits Inflow of receipts
Chapter 1: The Balance of Payments (BoP)
Chapter 1: The Balance of Payments (BoP) 2: Definition and Rules 2.1 Overview 2.2 Current Account 2.3 Capital Account 2.4 Financial Account 2.5 Balance-of-Payments Equilibrium 2.6 Net Errors and Omissions
Chapter 6. The Balance of Payments
Chapter 6 The Balance of Payments 1 Learning Objectives To understand the fundamental principles of how countries measure international business activity, the balance of payments To examine the similarities
Balance of Payments in Poland for Q4 2017
Balance of Payments in Poland for Q4 2017 Warsaw, 30 March 2018 The quarterly bop has been prepared based on monthly and quarterly information reported by Polish residents involved in transactions with
Chapter 4. The Balance of Payments. The Balance of Payments: Learning Objectives. The Balance of Payments. The Balance of Payments
Chapter 4 The Balance of Payments The Balance of Payments: Learning Objectives Learn how nations measure their own levels of international economic activity, and how that is measured by the balance of
Answers to Questions: Chapter 7
Answers to Questions in Textbook 1 Answers to Questions: Chapter 7 1. Any international transaction that creates a payment of money to a U.S. resident generates a credit. Any international transaction
Lecturers: Dr. Monica Lambon-Quayefio Dr. Nkechi S. Owoo Dr. William Bekoe
Lecturers: Dr. Monica Lambon-Quayefio Dr. Nkechi S. Owoo Dr. William Bekoe College of Education School of Continuing and Distance Education 2014/2015 2016/2017 Session overview Balance of Payments is as
EconS 327 Test 2 Spring 2010
1. Credit (+) items in the balance of payments correspond to anything that: a. Involves payments to foreigners b. Decreases the domestic money supply c. Involves receipts from foreigners d. Reduces international
Chapter 2 International Flow of Funds
Chapter 2 International Flow of Funds 1. Recently, the U.S. experienced an annual balance of trade representing a. a. large surplus (exceeding $100 billion) b. small surplus c. level of zero d. deficit
THE GLOBAL ECONOMY AND POLICY Macroeconomics in Context (Goodwin, et al.)
Chapter 14 THE GLOBAL ECONOMY AND POLICY Macroeconomics in Context (Goodwin, et al.) Chapter Overview This chapter will take you through the basics of international trade and finance. The chapter introduces
PRESS RELEASE. (geographical breakdown for the third quarter of 2008) AND. (at the end of the third quarter of 2008)
20 January 2009 PRESS RELEASE EURO AREA BALANCE OF PAYMENTS (geographical breakdown for the third quarter of 2008) AND INTERNATIONAL INVESTMENT POSITION (at the end of the third quarter of 2008) The current
The International Monetary System
The International Monetary System Eiteman et al., Chapter 2 Winter 2004 Outline of the Chapter Currency Terminology History of the International Monetary System Contemporary Currency Regimes Emerging Markets
Chapter 03 Test Bank
Test Bank International Financial Management: Canadian Perspective 3rd Edition Brean Eun Resnick International Financial Management: Canadian Perspective 3rd Edition TEST BANK by Don Brean, Cheol Eun,
The Open Economy. (c) Copyright 1998 by Douglas H. Joines 1
The Open Economy (c) Copyright 1998 by Douglas H. Joines 1 Module Objectives Know the major items in the Balance of Payments Accounts Know the determinants of the trade balance Know the major determinants
Chapter 2 International Flow of Funds
Chapter 2 International Flow of Funds 1. Recently, the U.S. experienced an annual balance of trade representing a. a. large surplus (exceeding $100 billion) b. small surplus c. level of zero d. deficit
Chapter 29 The Global Economy and Policy Principles of Economics in Context (Goodwin et al)
Chapter 29 The Global Economy and Policy Principles of Economics in Context (Goodwin et al) Chapter Overview This chapter will take you through the basics of international trade and finance. The chapter
Macroeconomic Theory and Policy
ECO 209Y Macroeconomic Theory and Policy Lecture 6: Introduction to the Open Economy Gustavo Indart Slide 1 The Balance of Payments On the one hand, the home country will export goods and services to other
A Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open Economy PowerPoint Slides prepared by: Andreea CHIRITESCU Eastern Illinois University 1 Market for Loanable Funds In an open economy S = I + NCO Saving = Domestic investment
KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE
KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE GLOBAL TRENDS Accelerating growth in advanced economies (US, UK, Eurozone) vs. Slowdown in almost all emerging markets Downward revisions
Balance of Payments in Poland December 2017
Warsaw, 13 February 2018 Balance of Payments in Poland December 2017 Components of monthly bop are estimated based on monthly and quarterly information reported by residents involved in transactions with
Cross-Border Capital Flows Statistics and Its Implication for Monitoring in China
First IMF Statistical Forum Statistics for Global Economic and Financial Stability Cross-Border Capital Flows Statistics and Its Implication for Monitoring in China Wang Xiaoyi State Administration of
Professor Christina Romer. LECTURE 25 EXCHANGE RATES AND THE BALANCE OF PAYMENTS April 24, 2018
Economics 2 Spring 2018 Professor Christina Romer Professor David Romer LECTURE 25 EXCHANGE RATES AND THE BALANCE OF PAYMENTS April 24, 2018 I. OVERVIEW OF INTERNATIONAL MACROECONOMICS A. Building blocks
Fifteenth Meeting of the IMF Committee on Balance of Payments Statistics Canberra, Australia, October 21 25, 2002
BOPCOM-02/49 Fifteenth Meeting of the IMF Committee on Balance of Payments Statistics Canberra, Australia, October 21 25, 2002 Use of Balance of Payments Statistics in Foreign Exchange Policy Formulation:
Chapter 16: Payments among Nations
Chapter 16: Payments among Nations Accounting Principles The balance of payments (BOP) is an accounting of a country's international transactions for a particular time period Double-entry accounting. Each
Study Questions. Lecture 14 Pegging the Exchange Rate
Study Questions Page 1 of 7 Study Questions Lecture 14 the Exchange Rate Part 1: Multiple Choice Select the best answer of those given. 1. Suppose the central bank of Mexico is pegging its currency, the
6 The Open Economy. This chapter:
6 The Open Economy This chapter: Balance of Payments Accounting Savings and Investment in the Open Economy Determination of the Trade Balance and the Exchange Rate Mundell Fleming model Exchange Rate Regimes
ECO 209Y MACROECONOMIC THEORY AND POLICY. Term Test #2. December 13, 2017
ECO 209Y MACROECONOMIC THEORY AND POLICY Term Test #2 December 13, 2017 U of T E-MAIL: @MAIL.UTORONTO.CA SURNAME (LAST NAME): GIVEN NAME (FIRST NAME): UTORID (e.g., LIHAO118): INSTRUCTIONS: The total time
Balance of Payments in Poland for Q4 2013
Warsaw, 31 March 2014 Balance of Payments in Poland for Q4 2013 The quarterly bop has been prepared based on monthly and quarterly information reported by residents involved in transactions with non-residents,
The answer lies in the role of the exchange rate, which is determined in the foreign exchange market.
In yesterday s lesson we saw that the market for loanable funds shows us how financial capital flows into or out of a nation s financial account. Goods and services also flow, but this flow is tracked
ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 7: INTRODUCTION TO THE OPEN ECONOMY
ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 7: INTRODUCTION TO THE OPEN ECONOMY Gustavo Indart Slide 1 THE BALANCE OF PAYMENTS On the one hand, the home country will export goods and services to other
Economics 3422 Sample Midterm examination. Part A: Multiple-choice questions. Choose the best alternative. The total for Part A is 25 points.
Economics 3422 Sample Midterm examination Instruction: Put your name and PeopleSoft ID on the question sheets and the blue book. Put your answers in the blue book only. Turn in both at the end of the examination.
Class Notes. Chapter 5 Saving and Investment in the Open Economy Learning Objectives
1 Chapter 5 Saving and Investment in the Open Economy Learning Objectives A. Explain how the balance of payments is calculated (Sec. 5.1) B. Discuss goods market equilibrium in an open economy (Sec. 5.2)
Professor Christina Romer. LECTURE 25 EXCHANGE RATES AND THE BALANCE OF PAYMENTS April 24, 2018
Economics 2 Spring 2018 Professor Christina Romer Professor David Romer LECTURE 25 EXCHANGE RATES AND THE BALANCE OF PAYMENTS April 24, 2018 I. OVERVIEW OF INTERNATIONAL MACROECONOMICS A. Building blocks
Edexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 4: A Global Perspective 4.1 International Economics 4.1.7 Balance of payments Notes Components of the balance of payments The balance of payments is a record of all
Chapter 17. Exchange Rates and International Economic Policy
Chapter 17 Exchange Rates and International Economic Policy Preview To examine the financial market that determines exchange rates in the long and short runs To understand the role of exchange rates in
Problem Set 3: Finance, Unemployment and Money
Problem Set 3: Finance, Unemployment and Money Section 1: Measured Unemployment Prof. Wyatt Brooks University of Notre Dame due October 14 th, 2014 Based on the reading from Chapter 15 and Lecture 10.
Policy in Papua New Guinea: releasing the golden bullet
Policy in Papua New Guinea: releasing the golden bullet Martin Davies Washington and Lee University and Development Policy Center, Crawford School of Public Policy, Australian National University Outline
Study Questions (with Answers) Lecture 15 International Macroeconomics
Study Questions (with Answers) Page 1 of 5 Study Questions (with Answers) Lecture 15 International Macroeconomics Part 1: Multiple Choice Select the best answer of those given. 1. If the aggregate supply
Economic Policy in PNG:
Economic Policy in PNG: 2010-2020 Institute of National Affairs 30 June 2016 Martin Davies Washington and Lee University and Development Policy Center, Crawford School of Public Policy, Australian National
Period 3 MBA Program January February MACROECONOMICS IN THE GLOBAL ECONOMY Core Course. Professor Ilian Mihov
Period 3 MBA Program January February 2008 MACROECONOMICS IN THE GLOBAL ECONOMY Core Course Professor SOLUTIONS Final Exam February 25, 2008 Time: 09:00 12:00 Note: These are only suggested solutions.
University of Toronto July 21, 2010 ECO 209Y L0101 MACROECONOMIC THEORY. Term Test #2
Department of Economics Prof. Gustavo Indart University of Toronto July 21, 2010 SOLUTIONS ECO 209Y L0101 MACROECONOMIC THEORY Term Test #2 LAST NAME FIRST NAME STUDENT NUMBER INSTRUCTIONS: 1. The total
The Balance of Payments. Balance of Payments. Balance of Payments Accounts. Balance of Payments Accounts. They are composed of the following:
The Balance of Payments Chapter Objective: This chapter serves to introduce the student to the balance of payments, how it is constructed and how balance of payments data may be interpreted. Chapter Outline
Principles of Macroeconomics Module 7.1. Understanding Balance of Payments
Principles of Macroeconomics Module 7.1 Understanding Balance of Payments 276 Balance of Payments Balance of Payments are the measurement of economic activity a country conducts internationally Current
4. INTERNATIONAL MONETARY SYSTEMS AND BALANCE OF PAYMENTS
4. INTERNATIONAL MONETARY SYSTEMS AND BALANCE OF PAYMENTS CHAPTER OVERVIEW INTERNATIONAL MONETARY SYSTEM HISTORY PERFORMANCE OF INTERNATIONAL MONETARY SYSTEMS EUROPEAN MONETARY SYSTEMS INTERNATIONAL DEBT
Balance of Payments. Open Economy Macroeconomics; Joanna Siwińska-Gorzelak, PhD
Balance of Payments Open Economy Macroeconomics; Joanna Siwińska-Gorzelak, PhD Balance of Payments A country s balance of payments accounts for its payments to and its receipts from foreigners. BOP is
BALANCE OF PAYMENTS¹ of the Republic of Azerbaijan for January September, 2015
BALANCE OF PAYMENTS¹ of the Republic of Azerbaijan for January September, 2015 As in previous years, in January - September, 2015 external economic operations had positive balance on the oil-and-gas sector
ECO 209Y MACROECONOMIC THEORY AND POLICY. Term Test #2. December 13, 2017
ECO 209Y MACROECONOMIC THEORY AND POLICY Term Test #2 December 13, 2017 U of T E-MAIL: @MAIL.UTORONTO.CA SURNAME (LAST NAME): GIVEN NAME (FIRST NAME): UTORID (e.g., LIHAO118): INSTRUCTIONS: The total time
NATIONAL BANK OF THE REPUBLIC OF MACEDONIA
NATIONAL BANK OF THE REPUBLIC OF MACEDONIA Information on Changes in the Balance of Payments, International Investment Position and External Debt Arising from the New International Statistical Standards
Balance of Payments Analysis (BOP)
Topic2 Balance of Payments Analysis (BOP) 1 BOP Statement A statistic measurement of all transactions between domestic and foreign residents over a specified period of time. 2 Business Transactions which
(welly, 2018)
a) Use the hypothetical information provided below to record the South African balance of payments transactions, using the double entry bookkeeping procedure. [12] Background information provided in the
The Central Bank of Egypt
1 The Central Bank of Egypt Press Release Balance of Payments Performance During FY 2015/2016 In FY 2015/2016, Egypt's transactions with the external world unfolded an overall BOP deficit of US$ 2.8 billion
Study Questions. Lecture 15 International Macroeconomics
Study Questions Page 1 of 5 Study Questions Lecture 15 International Macroeconomics Part 1: Multiple Choice Select the best answer of those given. 1. If the aggregate supply and demand curves in the figure
EconS 327 Review for Test 2
Test 2 is on Friday, April 24 Test 2 has 30 multiple choice questions. Test 2 will cover the material assigned during weeks 1-14. This includes o Material covered on Test 1 o Material from weeks 8-14 o
Policy in Papua New Guinea: recent shocks, new directions
Policy in Papua New Guinea: recent shocks, new directions Keynote Address, CPA PNG Conference, Lae, August 24-25 2017 Martin Davies Associate Professor Washington and Lee University Visiting Associate
Chapter 6. Government Influence on Exchange Rates. Lecture Outline
Chapter 6 Government Influence on Exchange Rates Lecture Outline Exchange Rate Systems Fixed Exchange Rate System Freely Floating Exchange Rate System Managed Float Exchange Rate System Pegged Exchange
Balance of Payments, Debt, Financial Crises, and Stabilization Policies
Chapter 9 Balance of Payments, Debt, Financial Crises, and Stabilization Policies Problems and Policies: international and macro 1 International Finance and Investment: Key Issues How major debt crises
Economics of International Financial Policy: ITF 220
Economics of International Financial Policy: ITF 220 Staff -- Professor: Jeffrey Frankel, Littauer 217 Office hours: Mon.& Tues., 3:00-4:00. Faculty Asst.: Minoo Ghoreishi, Belfer 505 (617) 384-7329 Teaching
Economics Standard level Paper 2
Economics Standard level Paper 2 Tuesday 5 May 2015 (morning) 1 hour 30 minutes Instructions to candidates Do not open this examination paper until instructed to do so. You are not permitted access to
Numerical problem. Balance of Payment
Numerical problem Balance of Payment Here are some balance of payments data (without pluses and minuses): Merchandise exports, 100 Merchandise imports, 125 Tourism exports, 90 Insurance imports, 80 Income
Net Exports and Capital Flows: Linking Financial and Goods Markets
ACTIVITY 7-5 Net Exports and Capital Flows: Linking Financial and Goods Markets The term capital flow refers to the movement of financial capital (money) between economies. Capital inflows consist of foreign
Answers to Selected Problems
Chapter 1 6. a. Consumer demand theory predicts that when the price of a commodity rises (cet. par.), the quantity demanded of the commodity declines. b. When the price of imports rises to domestic consumers,
Use the following to answer questions 19-20: Scenario: Exchange Rates The value of a euro goes from US$1.25 to US$1.50.
Name: Date: 1. Open-economy macroeconomics is the branch of economics that deals with: A) reducing regulations on business. B) the relationships between economies of different nations. C) reducing employment
!!! Current account balance =!!!!!! + (!!!!!! ) Capital account balance =!!!!!!, which is also equal to current account balance when!! =!!!!
ECON 302: Intermediate Macroeconomic Theory (Fall 2014) Discussion Section 10 December 5, 2014 KEY CONCEPTS Chapter 15 Open Economy The budget constraint for the home country is + = + + + + ( ) Current
Cambridge Assessment International Education Cambridge International Advanced Subsidiary and Advanced Level. Published
Cambridge Assessment International Education Cambridge International Advanced Subsidiary and Advanced Level ECONOMICS 9708/21 Paper 2 Data and Response Essay MARK SCHEME Maximum Mark: 40 Published This
Study Questions (with Answers) Lecture 13. Exchange Rates
Study Questions (with Answers) Page 1 of 5 Part 1: Multiple Choice Select the best answer of those given. Study Questions (with Answers) Lecture 13 1. The statement the yen rose today from 121 to 117 makes
CHAPTER FIVE OVERVIEW BALANCE OF PAYMENTSACCOUNTING PRINCIPLES BALANCE OF PAYMENTS DESCRIPTION OF BALANCE OF PAYMENT ACCOUNTING
CHAPTER FIVE CHAPTER FIVE OVERVIEW BALANCE OF PAYMENTS Components of the Balance of Payments (BOP) Composition of each component How are the BOP components affected Policy implications for managing BOP
Currency Asymmetry, Global Imbalance, and the Needed Reform of Global Monetary System
Currency Asymmetry, Global Imbalance, and the Needed Reform of Global Monetary System FAN Gang National Economic Research Institute China Reform Foundation May 2006 1.China s trade balance In most of past
Study Questions. Lecture 13. Exchange Rates
Study Questions Page 1 of 5 Part 1: Multiple Choice Select the best answer of those given. Study Questions Lecture 13 1. The statement the yen rose today from 121 to 117 makes sense because a. The U.S.
Overseas Exchange Transactions (OET) June 2015
Overseas Exchange Transactions (OET) June 2015 Release date: 3 December 2015 Table 1 T$m* June 15 May 15 Apr 15 Mar 15 Overall balance 7.9 9.7 1.9-11.2 Total inflows 58.5 53.0 36.6 39.0 Total outflows
Country risk, Financial crisis, and Debt Analysis I
Bibliography Country risk, Financial crisis, and Debt Analysis I October December 2013 Michel Henry Bouchet www.developingfinance.org Daniel Wagner, Country risk, Managing Country risk, NY 2012 Bouchet,
1)International Monetary System
1) (International Monetary System) 2) 3) (Balance of Payments) 4) (Foreign Exchange Market) 5) Interest Rate Parity (IRP) 6) Covered Interest Arbitrage 1 1)International Monetary System 1.1 The Gold Standard
Adapted from the International Monetary Fund (IMF): FAQs on Basic BPM6 Concepts and Sign Convention
Adapted from the International Monetary Fund (IMF): FAQs on Basic BPM6 Concepts and Sign Convention Q1: For time series presenting changes in financial assets, the signs in BPM6 changed compared to the
Australian National University. Graduate Diploma Macroeconomics Econ Rod Tyers. 5: The Balance of Payments
Australian National University Graduate Diploma Macroeconomics Econ 8026 Rod Tyers 5: The Balance of Payments Components of the current account Components of the capital account The home economy and the
INTERNATIONAL FINANCE. Objectives. Financing International Trade. Financing International Trade. Financing International Trade CHAPTER
INTERNATIONAL 34 FINANCE CHAPTER Objectives After studying this chapter, you will able to Explain how international trade is financed Describe a country s balance of payments accounts Explain what determines
Unit 5: International Trade
Unit 5: International Trade 1 International Trade 2 Where does your stuff come from? (Check the tags on your clothes, shoes, watch, calculator, etc.) Why have your clothes and personal items traveled all
Study Questions (with Answers) Lecture 15 International Macroeconomics
Study Questions (with Answers) Page 1 of 5 Study Questions (with Answers) Lecture 15 International Macroeconomics Part 1: Multiple Choice Select the best answer of those given. 1. If the aggregate supply
Contents. 1 Introduction. The Globalization of the World Economy 1 1.1A We Live in a Global Economy 1
1 Introduction The Globalization of the World Economy 1 1.1A We Live in a Global Economy 1 The Globalization Challenge 3 The Dell PCs, iphones, and ipads Sold in the United States Are Anything but American!
Review Questions (with Answers) Lecture 14 Pegging the Exchange Rate
Review Questions (with Answers) Page 1 of 6(7) Review Questions (with Answers) Lecture 14 the Exchange Rate Part 1: Multiple Choice Select the best answer of those given. 1. If the central bank of Mexico
Efficacy of China s capital controls
Efficacy of China s capital controls RIETI/BIS/BOC conference Globalisation of financial servceis in China: implications for capital flows, supervision and monetary policy Beijing, 19 March 2005 Guonan
Interest Rate Policies for the People s Republic of China: Some Considerations
Interest Rate Policies for the People s Republic of China: Some Considerations 1.The Objectives of Interest Rate Policies The rate of interest (and its term structure) is an extremely important instrument
Balance-of- Payments and Exchange-Rate Determination
INTERNATIONAL MONETARY AND FINANCIAL ECONOMICS Third Edition Balance-of- Payments and Exchange-Rate Determination Joseph R Daniels David D. VanHoose Elasticities Approach and Absorption Approach Copyright
OVERVIEW of INTERNATIONAL CAPITAL FLOWS
OVERVIEW of INTERNATIONAL CAPITAL FLOWS By Mack Ott, CEE, 2008 [Mack Ott is an international economic consultant whose major assignments have been in theformer Soviet Union countries, the Balkans, and
Press Release Balance of Payments Performance In Q1 of FY 2017/2018
Central Bank of Egypt Press Release Balance of Payments Performance In Q1 of FY 2017/2018 In Q1 of FY 2017/2018, Egypt's transactions with the external world led to a rise in the overall BOP surplus to
University of Toronto January 25, 2007 ECO 209Y MACROECONOMIC THEORY. Term Test #2 L0101 L0201 L0401 L5101 MW MW 1-2 MW 2-3 W 6-8
Department of Economics Prof. Gustavo Indart University of Toronto January 25, 2007 SOLUTION ECO 209Y MACROECONOMIC THEORY Term Test #2 LAST NAME FIRST NAME STUDENT NUMBER Circle your section of the course:
Suggested Solutions to Problem Set 6
Department of Economics University of California, Berkeley Spring 2006 Economics 182 Suggested Solutions to Problem Set 6 Problem 1: International diversification Because raspberries are nontradable, asset
Macroeconomics in an Open Economy
Chapter 17 (29) Macroeconomics in an Open Economy Chapter Summary Nearly all economies are open economies that trade with and invest in other economies. A closed economy has no interactions in trade or
OCR Economics A-level
OCR Economics A-level Macroeconomics Topic 4: The Global Context 4.3 Balance of payments Notes Components of the balance of payments The balance of payments is a record of all financial transactions made
US FISCAL ADJUSTMENT AND FURTHER DOLLAR DECLINE REQUIRED TO CURB RISING US EXTERNAL DEBT
News 1 7 5 0 M A s aa c h u s e t t s A v e n u e, N W W a s h i n g t o n, D C 2 0 0 3 6-1 9 0 3 T e l : ( 2 0 2 ) 3 2 8-9 0 0 0 F a x : ( 2 0 2 ) 6 5 9-3 2 2 5 w w w. i i e. c o m September 19, 2005
RMB Internationalization Policies & Trade Finance Services. Xi Jingjing April 2017
RMB Internationalization Policies & Trade Finance Services Xi Jingjing April 2017 Contents China-Hungary Relationship Status quo and Future of RMB Internationalization BOC s Financial Services 2 China-Hungary
Chapter 17: Macroeconomics in an Open Economy
Chapter 17: Macroeconomics in an Open Economy Yulei Luo SEF of HKU April 16, 2012 Learning Objectives 1. Explain how the balance of payments is calculated. 2. Explain how exchange rates are determined
Fallacies Behind the RMB Predictions
For professional investors 9 December 2014 1 Chi on China Fallacies Behind the RMB Predictions SUMMARY The view that the USD105 billion drop in China s foreign exchange (FX) reserves in Q3 2014 reflected
Cambridge International Examinations Cambridge Ordinary Level
Cambridge International Examinations Cambridge Ordinary Level *8553496535* ECONOMICS 2281/23 Paper 2 Structured Questions October/November 2017 2 hours 15 minutes No Additional Materials are required.
PRESS RELEASE. Hungary s balance of payments: 2007 Q4. 31 March 2008
31 March 28 PRESS RELEASE Hungary s balance of payments: 27 Q4 Consistent with its method of releasing and revising statistical data, on 31 March 28 the MNB is publishing 27 Q4 balance of payments data
Slides for International Finance Macroeconomic Policy (KOM Chapter 19)
Macroeconomic Policy (KOM Chapter 19) American University 2010-09-17 Preview Macroeconomic Policy Goals of macroeconomic policies Monetary standards Gold standard International monetary system during 1918-1939
The Balance of Payments
INTERNATIONAL FINANCIAL MANAGEMENT Seventh Edition EUN / RESNICK 3-0 Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved. The Balance of Payments Chapter Objective: 3 Chapter Three INTERNATIONAL
The Balance of Payments
The Balance of Payments Eiteman et al., Chapter 3 Winter 2004 Outline of the Chapter Typical Balance of Payments Transactions Fundamentals of Balance of Payments Accounting The Accounts of the Balance
A system of accounts that measures transactions of goods, services, income and
LECTURE Sept. 15th Hamza Ali Malik Econ 3114: International Finance Fall 2005 The Balance of Payments (BoP) A system of accounts that measures transactions of oods, services, income and financial assets
Global Markets. CHINA AND GLOBAL MARKET VOLATILITY.
PRICE POINT August 015 Timely intelligence and analysis for our clients. Global Markets. CHINA AND GLOBAL MARKET VOLATILITY. EXECUTIVE SUMMARY Eric Moffett Portfolio Manager, Asia Opportunities Strategy