TAILIEUCHUNG - The international finance environment

The measurement of all international transactions in and out of a country over a year is a difficult task Mistakes, errors, and statistical discrepancies will and do occur Current and capital account entries are recorded independent of one another, not together as this accounting method would prescribe | Topic 4: The international finance environment I. The balance of payment (BOP) II. The Monetary system III. The foreign exchange market I. Introduction The measurement of all international economic transactions between the residents of a country and foreign residents is called the balance of payments (BOP) The two major sub accounts of the balance of payments are: Current account Capital account I. Fundamentals of Balance of Payments Accounting The balance of payments must balance Subaccounts may be imbalanced Three main elements to the process of measuring international economic activity include: Identifying what is and is not an international economic transaction Understanding how the flow of goods, services, assets, and money creates debits and credits to the overall BOP Understanding the bookkeeping procedures for BOP accounting I. Defining International Transactions Identifying many international transactions is ordinarily not difficult However, some international .

• Ngân hàng - Tín dụng
• BOP Accounting
• The balance of payment
• The Current Account
• Financial Account
• The Capital Account
• Official Reserves Account