Balance of Payments and International Investment Positions

Peijie Wang ()
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Peijie Wang: University of Hull, Business School

Chapter 4 in The Economics of Foreign Exchange and Global Finance, 2009, pp 1-28 from Springer

Abstract: Similar to book keeping and accounting in business firms, international transactions - international trade activity and the accompanied international financial settlement, must be recorded in a nation’s accounts over every certain time period. These are referred to as balance of payments accounts. While the balance of payments records transactions during a certain period, the statement of international investment positions presents a country’s financial claims on, and financial liabilities to, the rest of the world at the end of a given period. So they mirror corporate income statements and balance sheets in a sense. Unlike the accounts of individual corporations, the entries to balance of payments accounts are an aggregate of all relevant international transactions carried out by a country’s residents - corporations, individuals and government agencies.

Keywords: Direct Investment; Current Account; Trade Credit; Portfolio Investment; Foreign Asset (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-00100-0_4

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DOI: 10.1007/978-3-642-00100-0_4

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