国际金融Chapter Two.pptVIP

Chapter Two Payments among Nations 1. Introduction This chapter examines the framework used to summarize a country’s international transactions. The scorecard is the balance of payments. The balance of payments is the set of accounts recording all flows of value between a nation’s residents and the residents of the rest of the world during a period of time. The balance of payments can show us: A wealth of information about a country’s international activities. Key to understanding how people trade one country’s money for that of another country. Implications for macroeconomic concerns like g