BALANCE OF PAYMENTS AND INTERNATIONAL MONETARY SYSTEM

Suk H. Kim

Chapter 3 in Global Corporate Finance:A Focused Approach, 2023, pp 51-74 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter discusses two closely related topics in international finance: the balance of payments and the international monetary system. A country’s balance of payments is commonly defined as the record of transactions between its residents and foreign residents over a specified period. These transactions include exports and imports of goods and services, cash receipts and payments, gifts, loans, and investments. Residents may include business firms, individuals, and government agencies. The balance of payments helps business managers and government officials to analyze a country’s competitive position and to forecast the direction of pressure on exchange rates. The ability of multinational companies (MNCs) to move money across national boundaries is critical. MNCs depend on this ability for exports, imports, payment of foreign debts, and dividend remittances. Many factors affect a firm’s ability to move funds from one country to another. In particular, a country’s balance of payments affects the value of its currency, its ability to obtain currencies of other countries, and its policy toward foreign investment…

Keywords: Global Finance; International Finance; International Financial Management; International Accounting; International Business; International Business Finance; Foreign Trade; International Economics; Foreign Exchange; International Corporate Finance; Multinational Finance; International Taxation (search for similar items in EconPapers)
JEL-codes: F F21 F23 F3 F30 F31 G3 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811281969_0003 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811281969_0003 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811281969_0003

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().