PAFKIET-15 April 2008 - By KamranAkramBakhshi...

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1 External Sector Analysis By Kamran Akram Bakhshi State Bank of Pakistan PAF-KIET 15 th April 2008
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2 Outline Sectors of Economy The External Sector The Paradigm Shift Role of SBP in External Sector Management Balance of Payments Analysis
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The Sectors of Economy Economic Sectors –  households, enterprises; financial sec;  government and;  the rest of the world
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4 Sectors of Economy 1. National Accounts 2. Government Finance Statistics 3. Balance of Payments 4. Monetary Account
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The External Sector
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6 The Paradigm Shift Closed vs. Opening Economies Foreign Exchange Controls Exchange Rate Regimes Opening of Current Account Opening of Capital Account  Foreign Direct Investment Reserve Management External Debt Management
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Role of SBP in External Sector  Management Management
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Balance of Payments
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9 What is a balance of payments? Balance of payments is a systematic  statistical statement of all  economic  transactions  between a county (an  economy) and rest of the world
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10 Conceptual framework Double entry accounting system Residency Time of recording Valuation and  Unit of account
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11 Double entry accounting system “Every transaction is recorded by two entries with  equal values but opposite sign, a Credit (+) and a  Debit (-)” Increase in financial liabilities     Cr. (+) Increase in financial assets        Dr. (-) Decrease in financial liabilities   Dr. (+) Decrease in financial assets       Cr. (-)
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12 Double entry accounting system  How will be the following transaction recorded  in BOP table of Pakistan and Australia ? Pakistan exported goods to Australia 
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13 Double entry accounting system Pakistan Australia Exports Credit Imports Debit Bank deposits Debit Bank deposits Credit
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14 Residency   “Concept of residency in BOP is based on  the transactor’s center of economic interest  with respect to economic territory”
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15 Residency       Are the following transactions be recorded in  Pakistan’s BOP? 1.
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This note was uploaded on 10/02/2010 for the course MBA 32343 taught by Professor Samghouri during the Spring '10 term at Karachi Institute of Economics & Technology.

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PAFKIET-15 April 2008 - By KamranAkramBakhshi...

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