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The Balance of Payments ¥ $A $A $US € Current Account Deficit Current Account Surplus Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea TOPIC PLAN – Definition of the balance of payments – The IMF standard presentation – The current account – The capital and the financial account – The double entry system. Examples of records – Australia’s Balance of Payments Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea The Balance of Payments (BOP) • Record of the value of all the economic transactions between – residents of one country (e.g. individuals, firms, governments) and – residents of all other countries during a given time period. Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea The Balance of Payments (BOP) • Double­entry book­keeping system • For nations with floating currencies,the entire balance of payments by definition must numerically balance, while individual accounts or sub­accounts may not balance. Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea The Standard I.M.F. Presentation • Current Account • Capital and Financial Account Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea ... - tailieumienphi.vn
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