Balance of Payments

Xingyun Peng

Chapter 18 in Financial Theory:Perspectives from China, 2015, pp 453-477 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Modern society is an open society. As a result of increasing economic globalization, economic exchanges between countries are becoming more frequent and on an ever increasing scale. When cut off from the world, no country can possibly achieve a sound development. The balance of payments reflects the position of a country in the global economic system. The balance of payments aggregates and its structural changes will have a major impact on a country's domestic economy. This chapter describes the basic concepts behind the balance of payments.

Keywords: Monetary Economics; Financial Markets; Monetary Policy; Financial System; Financial Development (search for similar items in EconPapers)
Date: 2015
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