The document provides an overview of balance of payments accounts, including:
- The balance of payments records a country's international transactions and is presented as double-entry bookkeeping. It includes the current account, capital account, and official reserve account.
- The current account records trade in goods, services, investment income, and transfers. A deficit means imports exceed exports.
- The capital account records cross-border investment and flows of assets. It includes foreign direct investment, portfolio investment, and other investments.
- Together, the accounts must net to zero to balance according to the balance of payments identity. Surpluses and deficits impact currency valuation and the economy.
This Presentation deals With:
What is a Current Account ,
Current Account Balance
Deficit In Current Account Balance.
Current Account Deficit In India,
Causes for Current Account Deficit,Impact Of Deficit,
India's Position.etc
Trends and challenges of BOP of India,Balance Of Payments Position in India,Balance Of Payments – Introduction
Components Of A BOP Statement
Balance Of Payment in India
Bop Crisis In India
Developments In India’s Bop During April-June 2014
Measures of Correcting Balance of Payment
This Presentation deals With:
What is a Current Account ,
Current Account Balance
Deficit In Current Account Balance.
Current Account Deficit In India,
Causes for Current Account Deficit,Impact Of Deficit,
India's Position.etc
Trends and challenges of BOP of India,Balance Of Payments Position in India,Balance Of Payments – Introduction
Components Of A BOP Statement
Balance Of Payment in India
Bop Crisis In India
Developments In India’s Bop During April-June 2014
Measures of Correcting Balance of Payment
BOP or Balance of International Payments is the systematic and summary record of a country’s economic and financial transactionswith the rest of the worldover a period of time. As per IMF, BOP is a statistical statement for a given period showing: (a) transactions in goods & services and income between an economy and the rest of the world; (b) changes of ownership and other changes in that country’s monetary gold, SDRs, and claims on and liabilities to the rest of the world; and (c) unrequited transfersand counterpart entries that are needed to balance, in the accounting sense any entries for the foregoing transactions and changes which are not mutually offsetting. – IMF, Balance of Payments Manual.
Brief PPT on Balance of payment Vs Balance of TradeShubham Parsekar
The ppt is based on Balance of payment and Balance of trade, their meaning ,factors affecting them and difference between both i.e BOP & BOT.
i hope this presentation will be helpful to you , as everything is tried to fit in these slides. i suggest everyone to just go through the economics text book and gain more insights if one is very much interested in it.
please like the presentation and comment below your views about it.
follow me on slideshare for more informative power point presentations.
Study the international Finance at the macro level. In this slide we will see the Current Account situation of several countries and Vietnam on focus (as of 2008).
In slide 2.2 we will see how to Finance the Current Account deficit.
BOP or Balance of International Payments is the systematic and summary record of a country’s economic and financial transactionswith the rest of the worldover a period of time. As per IMF, BOP is a statistical statement for a given period showing: (a) transactions in goods & services and income between an economy and the rest of the world; (b) changes of ownership and other changes in that country’s monetary gold, SDRs, and claims on and liabilities to the rest of the world; and (c) unrequited transfersand counterpart entries that are needed to balance, in the accounting sense any entries for the foregoing transactions and changes which are not mutually offsetting. – IMF, Balance of Payments Manual.
Brief PPT on Balance of payment Vs Balance of TradeShubham Parsekar
The ppt is based on Balance of payment and Balance of trade, their meaning ,factors affecting them and difference between both i.e BOP & BOT.
i hope this presentation will be helpful to you , as everything is tried to fit in these slides. i suggest everyone to just go through the economics text book and gain more insights if one is very much interested in it.
please like the presentation and comment below your views about it.
follow me on slideshare for more informative power point presentations.
Study the international Finance at the macro level. In this slide we will see the Current Account situation of several countries and Vietnam on focus (as of 2008).
In slide 2.2 we will see how to Finance the Current Account deficit.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
Bop
1. 1
The Balance of
Payments
Chapter Objective:
This chapter serves to introduce the student to the balance of
payments, how it is constructed and how balance of
payments data may be interpreted.
Chapter Outline
Balance of Payments Accounts
The Current Account
The Capital Account
External Balance and the Exchange Rate
Balance of Payments Trends in Major Countries
3Chapter 3
2. 2
Balance of Payments
The Balance of Payments is the statistical record of a country’s
international transactions over a certain period of time
presented in the form of double-entry bookkeeping.
Why is it useful to examine a country’s BOP?
The BOP provides detailed information about the supply and
demand of the country’s currency.
The trade statistics in the Current Account, for example, show the
composition of trade – what a country imports and what it exports.
The Capital Account shows inflows and outflows of capital in various
categories.
Viewed over time, BOP data can shed light on important
developments in a country’s comparative advantage and
international competitiveness.
3. 3
They are composed of the following:
The Current Account
The Capital Account
The Official Reserve Account
Balance of Payments
Accounts
4. 4
Balance of Payments
Accounts
Current Account
Records flows of exports, imports, investment income, and international
financial transfers.
Merchandise trade – export and import of tangible goods
Services – payments and receipts for legal and consulting fees,
royalties, tourist expenditures
Investment income – payments and receipts of interest, dividends, and
other income on foreign investments
Unilateral Transfers – “unrequited” payments (e.g. Foreign aid).
If the debits exceed the credits, then a country is running a trade deficit.
If the credits exceed the debits, then a country is running a trade surplus.
5. 5
Balance of Payments
Accounts
The capital account
Records sales to foreigners of Canadian financial assets and
Canadian purchases of foreign financial assets.
The capital account is composed of Foreign Direct Investment
(FDI), portfolio investments, and other investment.
Direct investment involves acquisitions of controlling interests in
foreign businesses.
Portfolio investment represents investment in foreign shares and bonds
that do not involve acquisitions of control.
Other investment includes bank deposits, currency investment, trade
credit and the like.
6. 6
Balance of Payments
Accounts
The Reserve Account
The Reserve Account of BOP records changes in the amount
of “official” reserve assets held by the Bank of Canada.
Official reserves assets include gold, foreign currencies,
SDRs, reserve positions in the IMF.
If a country must make net payment to foreigners because of
BOP deficit, the country could either run down its official
reserve assets or borrow anew from foreigners.
7. 7
Balance of Payments
Accounts
Statistical Discrepancy
There’s going to be some omissions and misrecorded
transactions—so we use a “plug” figure to get things to
balance.
Exhibit 3.4 shows a discrepancy of $0.8 billion in 2002.
How to calculate?
BP = 0 when all known transactions are accounted for, so
the SD is the "residual" value that will balance the books.
8. 8
The Balance of
Payments Identity
BCA + BKA + BRA = 0 where
BCA = balance on current account
BKA = balance on capital account
BRA = balance on the reserves account
Under a pure flexible exchange rate regime, where the CB does
not maintain any official reserves, a CA surplus or deficit must
be matched by KA deficit or surplus:
BCA + BKA = 0
Under the fixed exchange rate regime, the combined balance on
the current and capital accounts will be equal in size, but
opposite in sign, to the change in the official reserves:
BCA + BKA = -BRA
9. 9
Balance of Payments
Fixed Exchange Rate
BOP determines necessity of government intervention
Can help forecast devaluation/revaluation of currencies
Floating Exchange Rate
Government has no responsibility as FX rates are
determined by market forces
Managed Floats
Focus of government is on interest rates
10. 10
Balance of Payments Trends
in Major Countries
From 1982-2000, U.S. has had continual annual trade deficits (-
CA) with the rest of the world (ROW), along with annual capital
surpluses (+KA), in roughly equal annual amounts. U.S. has
been a "net debtor" nation over this period.
Over the same period, Japan has had annual trade surpluses with
ROW, along with annual capital outflows, also in roughly equal
amounts. Japan is a "net creditor" nation, investing its trade
surplus in foreign stocks, bonds, real estate, government debt (T-
bonds, etc.), businesses (FDI), art, etc. Japan has been accused
of "mercantilism," i.e. erecting trade barriers, or protectionist
trade policies to restrict or limit imports.
11. 11
Balances on the Current (BCA) and
Capital (BKA) Accounts of the U.S.
-500
-400
-300
-200
-100
0
100
200
300
400
500
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
U.S. BCA
U.S. BKA
Source: IMF International Financial Statistics Yearbook, 2000
12. 12
Balances on the Current (BCA) and
Capital (BKA) Accounts of Japan
-150
-100
-50
0
50
100
150
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
Japan BCA
Japan BKA
Source: IMF International Financial Statistics Yearbook, 2000
13. 13
Balances on the Current (BCA) and Capital
(BKA) Accounts of United Kingdom
-50
-40
-30
-20
-10
0
10
20
30
40
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
UK BCA
UK BKA
Source: IMF International Financial Statistics Yearbook, 2000
14. 14
Balances on the Current (BCA) and
Capital (BKA) Accounts of China
-15
-10
-5
0
5
10
15
20
25
30
35
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
China BCA
China BKA
Source: IMF International Financial Statistics Yearbook, 2000
15. 15
Balance of Payments Trends
in Major Countries
Like the U.S., the United Kingdom recently experienced continuous
current account deficits, coupled with capital account surpluses. The
magnitude, however, is far less that that of the United States.
Germany traditionally had current account surpluses. Since 1991
Germany has been experiencing current account deficits. This is
largely due to German reunification and the resultant need to absorb
more output domestically to rebuild the former East Germany. This
has left less output available for exports.
China has been running trade surpluses AND capital account
surpluses. For example, in 2002 China had a $35.4B trade surpluses
and a $6.4B capital inflow. Reason: Official reserve holdings of
dollars has increased. Chinese govt. buys up dollars with Yuan, to
keep the dollar strong and the Yuan low, and the Yuan/$ rate stable.
16. Impact on Currency
CA: All the other factors constant, a deficit balance
on a country’s current account implies that there is
excess supply of its currency in the foreign markets.
Hence, its currency should depreciate.
KA: All other factors constant, a surplus balance in
a country’s financial account implies that there is
excess demand for assets denominated in its
currency. Hence, its currency should appreciate.
16
17. Affects on the Economy
Is a nations current account balance, by itself, a good measure
of its economic health?
NO; there is no law, economic or political, which states that the
current account balance must be positive. Unlike running a budget
deficit in which a person or institution spends more than it makes,
running a deficit in the current account, simply means a country
imports more than it exports.
Is a current account surplus and financial account deficit by
itself an indication of economic strength?
NO, particularly not if the exodus of the financial capital occurs
because there are a few good investment opportunities in the
country.
Is the net inflow of capital bad?
NO, if the capital is being invested in such a way as to enhance the
productive capacity of the country. 17
18. Do monetary and fiscal policies affect the
exchange rates and BOP components?
18
• Monetary Policy: An unanticipated shift to expansionary
monetary policy will lead to more rapid economic growth,
accelerated inflation and lower real interest rates
• BOP effects: Higher income and higher domestic prices stimulate
imports and discourage exports. Lower real rates discourage
foreign and domestic investment at home.
• Exchange rate effects : The adverse impact of the country’s
current account will increase the supply of currency in the fx
markets; causing the currency to depreciate. The adverse impact
of the country’s financial account will decrease demand for the
country’s currency, causing it to depreciate.
19. Do monetary and fiscal policies affect the
exchange rates and BOP components?
Fiscal Policy: An unanticipated shift to more expansive fiscal
policy will result in budget deficits, increase in aggregate demand,
inflation and an increase in real interest rates.
BOP effect:Increase demand will encourage imports & discourage
exports, which moves the current account towards deficit.
Meanwhile, the higher interest rates attract foreign investment and
discourage domestic investment from leaving the country, moving
the financial account surplus.
Exchange rate effects: The adverse impact of the current account
will increase the SUPPLY of the country’s currency, causing the
currency to depreciate.
The positive impact of the KA will increase demand causing the
currency to appreciate. 19
20. What about monetary and fiscal
policies?
So what do you think is the net effect?
The overall effect is mixed, but the interest
rate effect will likely dominate in the short
term leading the exchange rate appreciation.
20