经济学学习资料：ch10.pptVIP

An Introduction to International EconomicsSecond Edition Balance of Payments 国际收支平衡表 Dominick Salvatore John Wiley Sons, Inc. Balance of payments The balance of payments provides a summary statement of international transactions for a nation for a specified period of time. The balance of payments converts international transactions into dollar terms at the going rate of currency exchange. Key categories Credit transactions贷记 Transactions that involve receipt of payments from foreign sources. Major types Exports of goods and services Capital inflows Increases in foreign assets in a nation Decreases in a nation’s assets abroad Key categories Credit transactions Debit transactions借记 Transactions that involve payment to foreign sources. Major types Imports of goods and services Capital outflows Increases in a nation’s assets abroad Decreases in foreign assets in a nation Double entry bookkeeping复制记账法 In balance of payment accounting, each international transaction is recorded twice – once as a credit, once as a debit. Examples $500 in exports to be paid in 3 months time Double entry bookkeeping Examples $200 spent by a US tourist in London on services Double entry bookkeeping Examples $100 in US government foreign aid given to the government of a developing nation Double entry bookkeeping Examples $400 in foreign stocks paid for by increasing foreign bank balances in the U.S. The balance of payments for the U.S. 2007 data from the Bureau of Economic Analysis in billions of U.S. dollars WWW link The balance of payments for the U.S. Service exports These factors show the source of total service exports. Income receipts are primarily income earned on past investment activities abroad. The balance of payments for the U.S. The balance of payments for the U.S. Summary accounts Merchandise trade balance = - $815 billion Goods exports – goods imports Trade balance = - $709 billion Exports of goods and services – imports of goods and services Income balance = $74 bill