midterm2 - Economics l15B Spring 2011 Dr. Janine L.F....

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Name: Princi Exports -Imports fNet Investment Income -Debt Service Payments +Net Remittances and Transfers Foreign Direct Investment *Foreign Portfolio Investment *New Loans -Principal paid on Loans -Resident Capital Outflow Economics l15B Spring 2011 Dr. Janine L.F. Wilson Midterm #2 Balance of Payments Benefits and Dangers of Foreign Capital You will be given one hour and twenty minutes to complete this exam. Credit will be given to correct answers only if there are complete explanations. Investors and speculators are currently focused on the EU as some of the member countries have rising debt that is considered unsustainable. 1. Ireland has just accepted an IMF/EU stabilization package aimed at averting a debt crisis. Various statistics from the year 2008 are reported in US dollars bellow. Please use these statistics to answer the following questions. $30 billion ffi $194 billion $221 billion Y Banks Resident Capital outflow @ a. What is the Current Account Balance of Ireland in 2008? (Show your
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midterm2 - Economics l15B Spring 2011 Dr. Janine L.F....

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