Econ306Lecture1 - Balance of Payments International...

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Unformatted text preview: Balance of Payments International Economics II Lecture Notes 1 Alper Duman July 2, 2009 Alper Duman International Economics II Lecture Notes 1 Balance of Payments I What happened to the so-called current account deficit of Turkey? I How does that relate to the global financial crisis? I How important is the exchange rate for your consumption bundle? I How do you record an item when your relatives send you money from Germany? I What will happen to the value of TL agains US dollar at the end of the course? I How does your guess depend on the expected transactions in the balance of payments account? Alper Duman International Economics II Lecture Notes 1 Balance of Payments I Balance of Payments Accounts: a systematic record of all economic transactions between your home country and the rest of the world for a specific time period, usually a year. I There are four main components of a balance of payments account: 1. Current Acoount 2. Direct investment and other long-term financial flows 3.3....
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This note was uploaded on 08/06/2009 for the course ECONOMICS ECON305 taught by Professor Alperduman during the Spring '09 term at Izmir University of Economics.

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Econ306Lecture1 - Balance of Payments International...

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