国际金融学theory of balance of payments教材.ppt

Contents;National Income Account; After a very simple manipulation, one can easily obtain, I= Sp+(T-G) Where, (T-G) in the right hand is government saving (Sg). Therefore, I=S=Sp+Sg This is the identity we are quite familiar with. II. Identities in an Open Economy II.1 What Is Open Economy? Cross border movements of commodity, capital labor.;II.2 International Flows of Commodities Identity Let X represent exports, M represent imports, Y=C+I+G+X-M Where, X-M is also referred to as net export or trade balance (a case of China is illustrated in Figure 1-1-1)