Saving, Investment, Financial Integration, and the Balance of Payments

Saving, Investment, Financial Integration, and the Balance of Payments PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1989-12-14

Total Pages: 40

ISBN-13: 145194831X

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This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the current account more of a residual factor in agents’ decisions.

The Significance of the Current Account

The Significance of the Current Account PDF

Author: Mr.Lazaros E. Molho

Publisher: International Monetary Fund

Published: 1990-04-01

Total Pages: 44

ISBN-13: 1451980191

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This paper reasseses the significance of persistent current imbalances as they become easier to finance in the process of European integration. After highlighting some limitations of simple saving-investment guidelines for policies toward the current account, the paper shows that an economy’s current account position may be an indicator of its attitude toward risk. Externalities in the incidence of risk could warrant government concern over current imbalances, even if they are caused by privately motivated investment and saving decisions. Such externalities may arise from credit markets’ conventional perceptions about country risk and from existing deposit insurance arrangements.

Balance of Payments Textbook

Balance of Payments Textbook PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-04-15

Total Pages: 159

ISBN-13: 1557755701

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The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.

The Gains and Pains of Financial Integration and Trade Liberalization

The Gains and Pains of Financial Integration and Trade Liberalization PDF

Author: Rajib Bhattacharyya

Publisher: Emerald Group Publishing

Published: 2019-11-26

Total Pages: 201

ISBN-13: 1838670068

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Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

The Significance of the Current Account

The Significance of the Current Account PDF

Author: Lazaros Molho

Publisher:

Published: 2006

Total Pages: 44

ISBN-13:

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This paper reasseses the significance of persistent current imbalances as they become easier to finance in the process of European integration. After highlighting some limitations of simple saving-investment guidelines for policies toward the current account, the paper shows that an economy`s current account position may be an indicator of its attitude toward risk. Externalities in the incidence of risk could warrant government concern over current imbalances, even if they are caused by privately motivated investment and saving decisions. Such externalities may arise from credit markets` conventional perceptions about country risk and from existing deposit insurance arrangements.

Balance of Payments Compilation Guide

Balance of Payments Compilation Guide PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1995-03-15

Total Pages: 398

ISBN-13: 9781557754707

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A companion document to the fifth edition of the Balance of Payments Manual, the Balance of Payments Compilation Guide shows how the conceptual framework described in the Manual may be implemented in practice. The primary purpose of the Guide is to provide practical guidance for using sources and methods to compile statistics on the balance of payments and the international investment position. the Guide is designed to assist balance of payments compilers and statisticians in understanding the relative strengths and weaknesses of various approaches. The material reflects the emergence of new data sources and adaptations in the application of statistical methodologies to changing circumstances. Discussed in the Guide are all of the tasks that a BOP compiler normally performs. Appendices contain a set of model BOP questionnaires and a set of model BOP publication tables. Relationships between the balance of payments statistics and relevant aspects of national accounts are covered as well.

Financial Derivatives

Financial Derivatives PDF

Author: International Monetary Fund. Statistics Dept.

Publisher: International Monetary Fund

Published: 2000-05-10

Total Pages: 58

ISBN-13: 9781557759412

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In the late 1990s, international statistical experts confirmed that financial derivatives should be treated as financial assets and that transactions in financial derivatives should be reported as separate transactions rather than as integral parts of the values of underlying transactions or of financial assets to which some derivatives are linked as hedges. Therefore, to parallel revisions made to the System of National Accounts (1993), an addendum and amendments to the fifth edition (1993) of the Balance of Payments Manual (BPM5) were prepared and published, in early 2000, as a supplement entitled Financial Derivatives. This supplement comprises two parts. Part I contains a new chapter in which the features of financial derivatives and treatments appropriate for specific derivatives were described. Part II consists of modifications to those portions of the BPM5 that pertain to financial derivatives. The revisions are shown by means of shading and strikeout. Financial Derivatives is an essential component of the BPM5.

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