Chapter 12 Open Economy Macroeconomics - Some Basic Concepts

Chapter 12 Open Economy Macroeconomics - Some Basic...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
Introduction Canada is often referred to as a  small open economy See Case Study in text:  o The Increasing Openness of the Canadian Economy o The Canadian Balance of International Payments o The balance of payments is divided into two main accounts: o Current account  o Capital account 12-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Current Account 12-2
Background image of page 2
http://www40.statcan.ca/l01/cst01/econ01a.htm?sdi=balance%20payments 12-3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Capital-Service Account  12-4
Background image of page 4
Capital Account http://www40.statcan.ca/l01/cst01/econ01b.htm?sdi=capital%20account 12-5
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Capital account also distinguishes between: 12-6
Background image of page 6
Official Settlements Balance 12-7
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The Prices for International Transactions: Nominal Exchange Rate Appreciation Depreciation 12-8
Background image of page 8
Click on the following link for the current value of the Canadian  dollar: http://www.canadianeconomy.gc.ca http://www40.statcan.ca/l01/cst01/econ07.htm Click on the following link to convert currencies http://www.economist.com/markets/currency/index.cfm http://www.economist.com/markets/bigmac/displaystory.cfm?story_id=11793125 12-9
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 42

Chapter 12 Open Economy Macroeconomics - Some Basic...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online