Rules of Thumb for Balance of Payments Accounting

Benjamin Atkinson

Journal for Economic Educators, 2013, vol. 13, issue 1, 23-28

Abstract: Balance of payments accounting can be confusing for students, because it is sometimes difficult to determine whether a certain transaction (e.g., a currency exchange) is a debit or a credit to a certain account. It is therefore the purpose of this paper to summarize the standard balance of payments concepts according to useful rules of thumb, which are intended to help students more easily determine how a given international transaction affects each balance of payment account.

Keywords: balance of payments accounting; international economics; teaching (search for similar items in EconPapers)
JEL-codes: A22 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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