TAILIEUCHUNG - Lecture Macroeconomics (9/e): Chapter 20 - David C. Colander

Chapter 20 - International financial policy. After reading this chapter, you should be able to: Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account, explain how exchange rates are determined and how government can influence them, discuss the problem of determining the appropriate exchange rate, differentiate various exchange rate regimes and discuss the advantages and disadvantages of each. | A foreign exchange dealer’s office during a busy spell is the nearest thing to Bedlam I have struck. ―Harold Wincott International Financial Policy Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter Goals Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account Explain how exchange rates are determined and how government can influence them Discuss the problem of determining the appropriate exchange rate Differentiate various exchange rate regimes and discuss the advantages and disadvantages of each 2 The Balance of Payments Balance of payments is a country’s record of all transactions between its residents and the residents of all foreign nations These include a country’s buying and selling of goods and services (imports and exports) and interest and profit payments from previous investments, together with all the capital inflows and outflows These accounts

• Kinh tế học
• Lecture Macroeconomics
• Kinh tế vĩ mô
• Macroeconomic problems
• International macroeconomic policy issues
• International financial policy
• Balance of payments account
• Bài giảng Kinh tế vĩ mô
• Science of macroeconomics
• Data of macroeconomics
• Unemployment rate
• Inflation rate
• Principles of microeconomics
• Economic models
• Tools of microeconomics
• Microeconomic transactions
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies
• Economic fluctuations
• Macroeconomic policy
• Business cycle theory