Honduras_en.pdf
... Although 2013 saw an increase of 6.4% in central government revenue, current expenditure rose significantly (by 14.9%), chiefly as a result of higher debt interest payments (40.9%), current transfers (29.2%) and spending on goods and services (14.6%). Interest payments have risen as the country’s de ...
... Although 2013 saw an increase of 6.4% in central government revenue, current expenditure rose significantly (by 14.9%), chiefly as a result of higher debt interest payments (40.9%), current transfers (29.2%) and spending on goods and services (14.6%). Interest payments have risen as the country’s de ...
Document
... Current Account Balance – The balance of trade, or the difference between the value of a nation’s exports of goods and its imports of goods. The U.S. balance of trade has been significantly negative for many years. – The current account balance includes the balance of trade in services, unilateral t ...
... Current Account Balance – The balance of trade, or the difference between the value of a nation’s exports of goods and its imports of goods. The U.S. balance of trade has been significantly negative for many years. – The current account balance includes the balance of trade in services, unilateral t ...
New EU states
... after EU accession to adopt Euro till the end of decade, first already in 2007; • Reality different, so far, only Slovenia is in Eurozone, Cyprus and Malta will join next January; • Some countries „changed their mind“ – issue of willingness to do now the fiscal reform key for many states; • In CR th ...
... after EU accession to adopt Euro till the end of decade, first already in 2007; • Reality different, so far, only Slovenia is in Eurozone, Cyprus and Malta will join next January; • Some countries „changed their mind“ – issue of willingness to do now the fiscal reform key for many states; • In CR th ...
Beggar-Thy-Neighbor - Guggenheim Partners
... Purchasing power parity is the idea that exchange rates should balance the price of a an identical basket of goods across all countries. When the same basket of goods is more expensive in a foreign country than in the United States, for example, PPP says the foreign currency is overvalued compared t ...
... Purchasing power parity is the idea that exchange rates should balance the price of a an identical basket of goods across all countries. When the same basket of goods is more expensive in a foreign country than in the United States, for example, PPP says the foreign currency is overvalued compared t ...
Uruguay_en.pdf
... In light of severe weather conditions (including a prolonged drought) and the worsening situation in international markets, a second set of measures to attenuate their effects was announced in March 2009. These initiatives were focused on safeguarding employment by subsidizing job training and job p ...
... In light of severe weather conditions (including a prolonged drought) and the worsening situation in international markets, a second set of measures to attenuate their effects was announced in March 2009. These initiatives were focused on safeguarding employment by subsidizing job training and job p ...
Foreign currency
... -Monetary items, Closing inventories- closing rate or realisable value. -Non monetary items other than inventories and fixed assets- rate prevalent at the date of the transaction. -Fixed assets- rate prevalent at the date of the transaction as adjusted for exchange difference arising on settlement o ...
... -Monetary items, Closing inventories- closing rate or realisable value. -Non monetary items other than inventories and fixed assets- rate prevalent at the date of the transaction. -Fixed assets- rate prevalent at the date of the transaction as adjusted for exchange difference arising on settlement o ...
... were down 4.8%, mainly owing to a 23.2% drop in purchases by companies operating under special regimes, especially in the area of high technology, this being partially offset by an 8.0% increase in consumer goods imports. Net services exports expanded by 6.0%, with business support services (34.2%) ...
Capital Flows, Interest Rates and Precautionary Behaviour: a model of
... • A very interesting paper that proposes an integrated framework to jointly analyze two important questions: – Global Imbalances: large US Current Account Deficit and low interest rate – Precautionary Motive for Reserves Accumulation ...
... • A very interesting paper that proposes an integrated framework to jointly analyze two important questions: – Global Imbalances: large US Current Account Deficit and low interest rate – Precautionary Motive for Reserves Accumulation ...
슬라이드 1 - Sogang
... Questioning the ability of Korean banks to pay back these loans, foreign banks declined to roll over the loans. Lacking foreign reserves to pay off debts, Korea turned to IMF, resulting in a rescue program amounting to $57 billion, the largest in IMF’s history. ...
... Questioning the ability of Korean banks to pay back these loans, foreign banks declined to roll over the loans. Lacking foreign reserves to pay off debts, Korea turned to IMF, resulting in a rescue program amounting to $57 billion, the largest in IMF’s history. ...
Internal vs external devaluation
... (its asset represented 700% of GDP in 2007). Iceland is also a prime example of excessive growth of the financial sector and overdevelopment of credit. The banking system’s asset amounted in 2007 to 1,000% of GDP. Icelandic households set in the same year a world record with a ratio of debt to dispo ...
... (its asset represented 700% of GDP in 2007). Iceland is also a prime example of excessive growth of the financial sector and overdevelopment of credit. The banking system’s asset amounted in 2007 to 1,000% of GDP. Icelandic households set in the same year a world record with a ratio of debt to dispo ...
Case Study: Mexican Peso Crisis, 1994
... Even after the collapse of the Bretton Woods fixed exchange rate system in 1971/73, Mexico was able to hold this fixed rate. Although the Mexican economy experienced rapid growth during most of the 1970s, it was progressively undermined by fiscal mismanagement in the form of large government borrowi ...
... Even after the collapse of the Bretton Woods fixed exchange rate system in 1971/73, Mexico was able to hold this fixed rate. Although the Mexican economy experienced rapid growth during most of the 1970s, it was progressively undermined by fiscal mismanagement in the form of large government borrowi ...
Trinidad_and_Tobago_en.pdf
... last quarter of 2008, Trinidad and Tobago recorded its lowest unemployment rate ever (3.9%). However, this decline in unemployment was reversed in the first half of 2009, reaching 5.1% in June (compared with 4.6% a year earlier). The participation rate fell from 64.1% in the first quarter of 2009 to ...
... last quarter of 2008, Trinidad and Tobago recorded its lowest unemployment rate ever (3.9%). However, this decline in unemployment was reversed in the first half of 2009, reaching 5.1% in June (compared with 4.6% a year earlier). The participation rate fell from 64.1% in the first quarter of 2009 to ...
Certain U.S. accounting standards have been, and will be, amended
... comprehensive income disclosure in a statement of stockholders’ equity disclosure of the results of discontinued operations operating expenses disclosure ...
... comprehensive income disclosure in a statement of stockholders’ equity disclosure of the results of discontinued operations operating expenses disclosure ...
THE NATIONAL ACCOUNTS - Romanian Statistical Review
... The national accounts have been drawn up according to the methodological principles of European System of Accounts 1995 (ESA 1995). National accounting represents a coherent and detailed whole of accounts and tables, which give a comparable and complete picture of the economic activity of a country. ...
... The national accounts have been drawn up according to the methodological principles of European System of Accounts 1995 (ESA 1995). National accounting represents a coherent and detailed whole of accounts and tables, which give a comparable and complete picture of the economic activity of a country. ...
View full article - Economic Research
... acob Frenkel has provided an extensive survey of the literature relevant to his title, and an illuminating analysis. I agree with most of Frenkel’s commentary, and will add some of my own. Frenkel begins with an assessment of the assignment problem and Mundeli’s solution to it. The Mundell solution ...
... acob Frenkel has provided an extensive survey of the literature relevant to his title, and an illuminating analysis. I agree with most of Frenkel’s commentary, and will add some of my own. Frenkel begins with an assessment of the assignment problem and Mundeli’s solution to it. The Mundell solution ...
5-Open Economy
... 3. dirty float with "sterilization". An expansionary monetary policy will raise the level of income to Y1; now, however, the deficit (ab) will be larger than the case of zero capital immobility (cb) because with lower interest rates there are also outflows of capital. ...
... 3. dirty float with "sterilization". An expansionary monetary policy will raise the level of income to Y1; now, however, the deficit (ab) will be larger than the case of zero capital immobility (cb) because with lower interest rates there are also outflows of capital. ...
Slide 1
... The Fundamental BOP Identity Any international transaction automatically gives rise to two offsetting entries in the balance of payments resulting in a fundamental identity: Current account + financial account + capital account = 0 ...
... The Fundamental BOP Identity Any international transaction automatically gives rise to two offsetting entries in the balance of payments resulting in a fundamental identity: Current account + financial account + capital account = 0 ...
To view this press release as a file
... Financial sector Institutions (incl. insurance companies) Individuals and provident funds ...
... Financial sector Institutions (incl. insurance companies) Individuals and provident funds ...
M05_CurrentAccount - Duke University`s Fuqua School of
... savings to fall, as overall consumption rises, Fig. 2. An temporary increase in Y causes desired national saving to rise, as households spread the rise in income over current and future consumption, Fig. 3. ...
... savings to fall, as overall consumption rises, Fig. 2. An temporary increase in Y causes desired national saving to rise, as households spread the rise in income over current and future consumption, Fig. 3. ...
The Foreign Exchange Crisis in Belarus
... unchanged. The official rate was used by banks trading foreign currency to individuals, and by businesses, which had to sell 30 percent of their foreign exchange revenues to the Central Bank. It was also used for “crucially important” imports — such as energy and pharmaceuticals — as well as for the ...
... unchanged. The official rate was used by banks trading foreign currency to individuals, and by businesses, which had to sell 30 percent of their foreign exchange revenues to the Central Bank. It was also used for “crucially important” imports — such as energy and pharmaceuticals — as well as for the ...
2012-288-IM-Dominican Republic-COMPLETO
... One positive element of the improvement in the current account deficit was the upturn in income from family remittances, which rose by 6.7% compared with a drop of 1.6% in 2010. Although the current account deficit shrank in GDP terms, it widened in absolute terms. This increase, however, was almost ...
... One positive element of the improvement in the current account deficit was the upturn in income from family remittances, which rose by 6.7% compared with a drop of 1.6% in 2010. Although the current account deficit shrank in GDP terms, it widened in absolute terms. This increase, however, was almost ...
AP Macro: The Very Basics to Know The Production Possibilities
... • A point inside the frontier is an inefficient/recessionary economy • A point on the frontier is an efficient economy • A point outside the frontier is unattainable, for now • The frontier will move outward with new factors of production in the future Supply and demand problems • If price changes f ...
... • A point inside the frontier is an inefficient/recessionary economy • A point on the frontier is an efficient economy • A point outside the frontier is unattainable, for now • The frontier will move outward with new factors of production in the future Supply and demand problems • If price changes f ...
According to Ricardo`s analysis, a country exports any good whose
... 1. According to Ricardo’s analysis, a country exports any good whose production requires fewer labor hours per unit than the labor hours per unit needed to produce the good in the foreign country. That is, the country exports any good in which its labor productivity is higher than the labor producti ...
... 1. According to Ricardo’s analysis, a country exports any good whose production requires fewer labor hours per unit than the labor hours per unit needed to produce the good in the foreign country. That is, the country exports any good in which its labor productivity is higher than the labor producti ...
CFO11e_ch35
... Fiscal Policy with Flexible Exchange Rates While we have just seen that flexible exchange rates help the Fed achieve its goals, the opposite is the case for the fiscal authorities in normal times when there is no zero lower interest rate bound and the Fed is following the Fed rule. Flexible exchang ...
... Fiscal Policy with Flexible Exchange Rates While we have just seen that flexible exchange rates help the Fed achieve its goals, the opposite is the case for the fiscal authorities in normal times when there is no zero lower interest rate bound and the Fed is following the Fed rule. Flexible exchang ...
Document
... • The reserve loss accompanying a devaluation scare – The associated debit in the balance of payments accounts is a private capital outflow. ...
... • The reserve loss accompanying a devaluation scare – The associated debit in the balance of payments accounts is a private capital outflow. ...