【学习笔记】International Finance 国际金融论研究 学习笔记-12

Part I

Basics of International Finance --12

Ch3 --1

Balance of Payments

Chapter Outline

1.      Balanceof Payments Accounting

2.      Balanceof Payments Accounts

        1)      TheCurrent Account

        2)      TheCapital Account

        3)      StatisticalDiscrepancy

        4)      OfficialReserves Account

3.      The Balance of Payments Identity

Balance of Payments Accounting

The balance of payments is the statisticalrecord of a country’s international transactions over a certain period of timepresented in the form of double-entry bookkeeping.

Balance of Payments Accounts

1.      Thebalance of payments accounts are those that record all transactions between theresidents of a country and residents of all foreign nations.

2.      Theyare composed of the following:

    （①）TheCurrent Account

    （②）TheCapital Account

    （③）TheOfficial Reserves Account

    （④）StatisticalDiscrepancy