Chapter2HuangzhiyongHuangzhiyongNanjingUniversityofFinance&Economicshzy196896@sina.comTel:84028241Chapter2PaymentsamongNationsPaymentsamongNations——BOPBOPOutline:WhatisBOPanditsstructure?TheruleofBalanceofPaymentsAccountsTheanalysisofBOPandtheMacroMeaningThedifferenceofBOPandIIP?BalanceofPaymentsTrendsinMajorCountriesChapter2一、WhatisBOPanditsstructure?(一)Definition:Thebalanceofpaymentsistherecordoftheeconomicandfinancialflowsthattakeplaceoveraspecifiedtimeperiodbetweenresidentsandnon-residentsofagivencountry.Notice:Timeperiod;Residentsandnon-residents;Chapter2(二)TheruleofBalanceofPaymentsAccountsMethodofRecord:Double-entrybookkeepingThepositiveitems(credits,+):anitemforwhichthecountrymustbepaid.–SuchasexportsThenegativeitems(debits,-):anitemforwhichthecountrymustpay.–Suchasimports.Chapter2Totalcredits+Totaldebits=0Ifweaddupallthepositiveitemsandallthenegativeitemsinacountry’sBOP,thetotalwillbezero.CapitalinflowsareCredits(+)CapitaloutflowsareDebits(-)NotethedifferencebetweencapitalandAssetChapter2Sub-balance:lookatsmallercollectionsofpositiveandnegativeitemsbygroupingthemintocategories.thesebalancemaybepositive,negativeorzero.Surplus:positiveDeficit:negativeChapter2二、ThestructureofBOPStructureBOPiscomposedoftheFourmajorparts:TheCurrentAccountTheCapitalandFinancialAccountChangesinofficialinternationalreservesStatisticaldiscrepancyChapter2(一)TheCurrentAccountItincludesalldebitandcredititemsthatareexportsandimportsofgoods(Merchandise)services,incomereceiptsandincomepaymentsGifts(Unilateralcurrenttransfers).Textbookp17.Figure2.1中国国际收支平衡表http://www.safe.gov.cn/美国联邦统计局http://www.fedstats.gov/Chapter2Goodsandservicesbalance(ortradebalance)addupalltheitemsforexportsandimportsofgoodsandservices.Itisanimportantbalancewithinthecurrentaccount.Measuresacountry’snetexports.Chapter2Incomeflowsaremainlypaymentstoholdersofforeignfinancialassets.InterestDiv...