国际经济学(双语)-第8章.pptVIP

Balance of Payments Adjustments Chapter 8 Balance of Payments Adjustments 8.1 Elasticities Approach 8.2 Multiplier Approach 8.3 Absorption Approach 8.4 Monetary Approach 8.1 Elasticities Approach As a traditional approach to the balance of payments, elasticities approach assumes that capital flows occur only as a means of financing current account transactions. Derivation of the Demand for Foreign Exchange: The quantity of a currency demanded in the foreign exchange market is derived from the country’s demand for imports. 8.1 Elasticities Approach China’s Import Demand Curve and the Dem