Until the early 19th century, international trade was heavily regulated and accounted for a relatively small portion compared with national output. In the Middle Ages, European trade was typically regulated at … 查看更多內容

The current account shows the net amount of a country's income if it is in surplus, or spending if it is in deficit. It is the sum of the 查看更多內容

While the BoP has to balance overall, surpluses or deficits on its individual elements can lead to imbalances between countries. In general there is concern over deficits in the current account. Countries with deficits in their current accounts will build up … 查看更多內容

Speaking after the 2009 G-20 London summit, Gordon Brown announced "the Washington Consensus is over". There is now broad … 查看更多內容

Under a fixed exchange rate system, the central bank accommodates those flows by buying up any net inflow of funds into the country or by providing foreign currency funds to the foreign exchange market to match any international outflow of funds, thus … 查看更多內容

The balance of payments is important in international financial management for the following reasons:
First, the balance of payments is a factor in the demand and supply of a country's currency. For example, if outflows exceed inflows, then the … 查看更多內容

One of the three fundamental functions of an international monetary system is to provide mechanisms to correct imbalances.
Broadly speaking, there are three possible methods to correct BoP imbalances, though in … 查看更多內容