Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
41Activity
0 of .
Results for:
No results containing your search query
P. 1
Balance of Payments

Balance of Payments

Ratings:

4.75

(4)
|Views: 3,309 |Likes:
Published by api-3727090

More info:

Published by: api-3727090 on Oct 15, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

03/18/2014

pdf

text

original

Balance of payments
\u201cThe balance of payment is a statistical statement for a
given period showing
b)
Transaction in goods and services and income
between an economy and the rest of the world
c)

Changes of ownership and other changes in that
country\u2019s monetary gold, SDRs and claims and
liabilities to the rest of the world ,and

d)

Unrequited transfers and counterpart entries that
are needed to balance, in the accounting sense,
any entries for the foregoing transactions and
changes which are not mutually offsetting.\u201d

- The IMF publication, \u201cBalance of
Payments Manual.\u201d
Components of BoP
Current account: - Merchandise exports and imports
- Invisible exports and Imports
Capital account:
- Short-term
- Long term
Unilateral Transfer Account: - Gifts
- Remittances
Official reserves account:- Gold
-convertible foreign exchange
Balance of payment disequilibrium
\ue000
either a surplus
\ue000
or a deficit
Factors causing Disequilibrium
1]. Economic factors
Development disequilibrium
Cyclical disequilibrium\ue001Lawrence W. Towle \u201cDepression always
brings about a drastic shrinkage in world trade, while prosperity
stimulates it.\u201d
Secular disequilibrium
Structural disequilibrium
2]. Political factors

political instability
wars
change in world trade routes

3]. Social factors
changes in tastes preferences, fashion, etc.

Activity (41)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Felix Perez liked this
Abishek Jain liked this
Akshay Aggarwal liked this
Pournima Relekar liked this
Jagannath Das liked this
muskaan111 liked this
Satyabrata Sahu liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->