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Erschienen in:
Foreign Exchange Markets and Foreign Exchange Rates Kapitel lesen Erstes Kapitel lesen

2020 | OriginalPaper | Buchkapitel

6. Balance of Payments Issues and Exchange Rate Movements

verfasst von : Peijie Wang

Erschienen in: The Economics of Foreign Exchange and Global Finance

Verlag: Springer Berlin Heidelberg

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Abstract

Therefore, this approach is all about the current account of the balance of payments, paying no attention to the capital account and the financial account of the balance of payments. Although the model is on the interaction between the exchange rate and the current account balances, it is largely applied to evaluate the effect of currency depreciation or currency appreciation on the balance of payments current account. In particular, it is applied to examine if a kind of currency depreciation helps improve current account balances. The current account balance examined here is, more exactly, trade balance defined as exports minus imports, leaving out income receipts/payments and current transfers:

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Vorheriges Kapitel Open Economy Macroeconomics
Nächstes Kapitel The Mundell–Fleming Model
Fußnoten
1
For Germany, the current account is in place for trade balance in part (a) and it is FDI against the current account only in part (b) due to the limited availability of trade balance data over a short time period.
 
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Metadaten
Titel
Balance of Payments Issues and Exchange Rate Movements
verfasst von
Peijie Wang
Copyright-Jahr
2020
Verlag
Springer Berlin Heidelberg
Buch
The Economics of Foreign Exchange and Global Finance

Print ISBN: 978-3-662-59269-4

Electronic ISBN: 978-3-662-59271-7

Copyright-Jahr: 2020

DOI
https://doi.org/10.1007/978-3-662-59271-7_6

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