Chapter 3
The Balance of Payments
宁波工程学院国商教研室蒋力编
Balance of Payments
?Balance of Payments (BOP) - an accounting record of a country’s trade in goods, services, and financial assets with the rest of the world during a particular time period (year or quarter). 2-2 宁波工程学院国商教研室蒋力编 Features of the BOP
?BOP follows the accounting procedure of double-entry bookkeeping (debits and credits). P59（复式记账法） –A credit（贷方）entry records an item or transaction that brings foreign exchange into the country. (inflow) –A debit（借方）entry represents a loss of foreign exchange. (outflow) Surplus - The value of the credits exceed the debits Deficit - The value of the debits exceed the credits Only apply to particular area of the balance of payments. 2-3 宁波工程学院国商教研室蒋力编 BPM6 BY IMF
2-4 宁波工程学院国商教研室蒋力编 Components of the BOP
?Current Account ?Capital Account ?Statistical Discrepancy 2-5 宁波工程学院国商教研室蒋力编
国际金融(双语)Chap 3
