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Chapter 4 The Balance of Payments
The Balance of Payments ,[object Object],[object Object]
The Balance of Payments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Typical BOP Transactions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Fundamentals of BOP Accounting ,[object Object],[object Object],[object Object]
Fundamentals of BOP Accounting ,[object Object],[object Object],[object Object],[object Object],[object Object]
The BOP as a Flow Statement ,[object Object],[object Object],[object Object]
The BOP as a Flow Statement ,[object Object],[object Object],[object Object],[object Object]
The Accounts of the BOP ,[object Object],[object Object],[object Object]
The Current Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4.3  U.S. Trade Balance and Balance on Services and Income, 1985-2007 (billions of US dollars)
The Current Account ,[object Object],[object Object]
The Capital/Financial Account ,[object Object],[object Object],[object Object],[object Object]
The Financial Account ,[object Object],[object Object]
The Financial Account ,[object Object],[object Object],[object Object],[object Object]
Direct Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Portfolio Investment ,[object Object],[object Object],[object Object]
Exhibit 4.5  The United States Financial Account 1985-2007 (billions of US dollars)
Net Errors & Omissions/Official Reserves Accounts ,[object Object],[object Object],[object Object],[object Object]
The BOP in Total  —  Surplus ,[object Object]
The BOP in Total  —  Deficit ,[object Object]
The BOP Interaction with Key Macroeconomic Variables ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The BOP and GDP ,[object Object],[object Object]
The BOP and GDP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The BOP and Exchange Rates ,[object Object],[object Object]
The BOP and Exchange Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Current Account Balance Capital Account Balance Financial Account Balance
The BOP and Exchange Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The BOP and Interest Rates ,[object Object],[object Object],[object Object],[object Object]
Trade Balances and Exchange Rates ,[object Object],[object Object],[object Object]
Exhibit 4.8  Trade Balance Adjustment to Exchange Rate Changes: The J-Curve
Capital Mobility ,[object Object],[object Object]
Capital Mobility ,[object Object],[object Object],[object Object],[object Object],[object Object],0
Exhibit 4.9  A Stylized View of Capital Mobility in Modern History 0
Capital Flight ,[object Object],[object Object],[object Object],0
Mini-Case Questions:  Turkey’s Kriz (A) ,[object Object],[object Object],[object Object]
Additional Chapter Exhibits Chapter 4
Exhibit 4.1  Generic Balance of Payments
Exhibit 4.2  The United States Current Account, 1998–2007 (billions of U.S. dollars)
Exhibit 4.4  The United States Financial Account and Components, 1998-2007 (billions of U.S. dollars)
Exhibit 4.6  Current and Combined Financial/Capital Account Balances United States, 1992–2007 (billions of U.S. dollars)
Exhibit A  China’s Foreign Exchange Reserves (billions of U.S. dollars)
Exhibit B  Rising Reserves in Asia (billions of U.S. dollars)
Exhibit 4.7 The United States Balance of Payments, Analytic Presentation, 1998–2007 (billions of U.S. dollars)
Exhibit 1  Turkey’s Balance of Payments, 1993–2000
Exhibit 2  Subaccounts of the Turkish Current Account, 1998–2000 (millions of U.S. dollars)
Exhibit 3  Subaccounts of the Turkish Financial Account, 1998–2000 (millions of U.S. dollars)

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M04 eiteman0136091008 12_mbf_c04

  • 1. Chapter 4 The Balance of Payments
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. Exhibit 4.3 U.S. Trade Balance and Balance on Services and Income, 1985-2007 (billions of US dollars)
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. Exhibit 4.5 The United States Financial Account 1985-2007 (billions of US dollars)
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30. Exhibit 4.8 Trade Balance Adjustment to Exchange Rate Changes: The J-Curve
  • 31.
  • 32.
  • 33. Exhibit 4.9 A Stylized View of Capital Mobility in Modern History 0
  • 34.
  • 35.
  • 37. Exhibit 4.1 Generic Balance of Payments
  • 38. Exhibit 4.2 The United States Current Account, 1998–2007 (billions of U.S. dollars)
  • 39. Exhibit 4.4 The United States Financial Account and Components, 1998-2007 (billions of U.S. dollars)
  • 40. Exhibit 4.6 Current and Combined Financial/Capital Account Balances United States, 1992–2007 (billions of U.S. dollars)
  • 41. Exhibit A China’s Foreign Exchange Reserves (billions of U.S. dollars)
  • 42. Exhibit B Rising Reserves in Asia (billions of U.S. dollars)
  • 43. Exhibit 4.7 The United States Balance of Payments, Analytic Presentation, 1998–2007 (billions of U.S. dollars)
  • 44. Exhibit 1 Turkey’s Balance of Payments, 1993–2000
  • 45. Exhibit 2 Subaccounts of the Turkish Current Account, 1998–2000 (millions of U.S. dollars)
  • 46. Exhibit 3 Subaccounts of the Turkish Financial Account, 1998–2000 (millions of U.S. dollars)