Provides an overview of the reseach of Ghosh and Ramakrishnan on current account deficits: what they are, how they are measured and whether they matter.
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
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.
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
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.
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
CAUSES AND CONSEQUENCESOF THE TRADE DEFICITAN OVERVIEW.docxcravennichole326
CAUSES AND CONSEQUENCES
OF THE TRADE DEFICIT:
AN OVERVIEW
March 2000
In recent years, the U.S. trade deficit has grown very large by historical standards,
prompting concerns that it is damaging or may pose a threat to the economy. The
Senate Committee on Finance asked the Congressional Budget Office (CBO) to carry
out a study of the trade deficit, its causes, and its effects on the economy. The
committee also asked CBO to examine the effects of various federal policies on the
trade deficit—especially those that might be considered to reduce or eliminate it.
This memorandum summarizes the results of that effort.
Bruce Arnold of CBO's Microeconomic and Financial Studies Division wrote
the memorandum under the direction of Roger Hitchner, Robert Dennis, and David
Moore. Helpful comments were received from Doug Hamilton, Juann Hung, Kim
Kowalewski, Preston Miller, John Peterson, John Sabelhaus and Tom Woodward,
within CBO, and from Paul Wonnacott of Middlebury College and Catherine Mann
of the Institute for International Economics. Jenny Au prepared the figures. Sherry
Snyder edited the memorandum, Leah Mazade proofread it, and Rae Wiseman
prepared it for publication. Laurie Brown prepared the electronic versions for CBO's
World Wide Web site (www.cbo.gov).
Questions about the analysis should be addressed to Bruce Arnold.
CONTENTS
INTRODUCTION AND SUMMARY 1
WHAT IS THE CURRENT-ACCOUNT BALANCE? 5
WHAT CAUSES THE CURRENT-ACCOUNT DEFICIT? 6
A Long Decline in Domestic Saving 7
The Business Cycle 12
Growth of Investment in the 1990s 12
DO INFLOWS OF FOREIGN CAPITAL HARM THE ECONOMY? 14
Effects on GDP, GNP, and Wages 14
Effects on Different Sectors of the Economy 15
Concerns About Foreign Finance and Economic Stability 16
SHOULD ANYTHING BE DONE ABOUT THE
CURRENT-ACCOUNT DEFICIT? 19
CONCLUSION 24
TABLES
1. Effects of Various Trade-Related Policies on the
Current-Account Deficit 21
FIGURES
1. The U.S. Balance of Trade, 1970-1999 2
2. Saving, Investment, and the Current-Account Balance 8
INTRODUCTION AND SUMMARY
Since World War II, the United States has supported agreements among nations to
eliminate barriers to international trade and investment. Despite occasional
resistance, that support has generally reflected a public consensus about the benefits
to be gained from free trade. Since long before the war, the United States had run an
almost unbroken string of trade surpluses—that is, an excess of exports over
imports—and the war damaged or destroyed much of the most significant
international competition for U.S. industry. Consequently, before 1970, U.S.
industry seemed to have little to fear and much to gain from free trade.
After 1970, however, the almost unbroken string of trade surpluses turned into
one of trade deficits, and in the 1980s and 1990s, those deficits grew quite large (see
Figure 1). Opponents of freer U.S. trade point to the deficits as evidence of mistaken
U.S. and unfair foreign trad ...
Global Economy Watch correspondiente al mes de mayo, donde se analiza la mejora de la economía estadounidense y el consiguiente fin de la política monetaria expansiva.
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Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
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The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
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"Do Current Account Deficits Matter?"
1. “ Do Current Account Deficits Matter?” By Atish Ghosh and Uma Ramakrishnan
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The Asian economic crisis was the result of speculation on the Thai baht which caused foreign investors to short sell the baht which led to an extreme devaluation of the baht and the crash of the Thai stock market. Thailand had taken out short term loans from abroad to finance domestic projects many of which were for housing for which there was an over supply and a lack of demand. As businesses stopped being able to pay their loans, it looked as though the Thai gov, borrowers would default on their international loans and this led to the speculation. There was simply an oversupply of Thai baht in the hands of foreigners because Thailand had begun importing after a stint of export led growth. There was also a lack of FDI and a lack of foreign exchange reserves. There was slower growth in partner countries as China had not emerged fully and the baht was tied to the dollar which caused it to appreciate prematurely and then crash with the speculation. Had there not been a current account deficit that put the Thai baht in the hands of foreigners the Asian economic crisis could likely have been avoided.