MGEB06H3 Lecture Notes - Lecture 11: Hanoi Stock Exchange, Loanable Funds, Risk Premium

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Macroeconomics notes: lecture eleven (chapter nineteen part one): A country"s balance of payments (bop) accounts record a country"s international transactions with the rest of the world. The bop accounts include the international sales (exports) and purchases (imports) of goods, services, and assets. It records payments from foreigners (arise from exports) and payments to foreigners (arise from imports). The current account records the international flows of goods and services, and net factor. Financial account (fa) income plus net international transfer payments. The financial account records the sales (exports) of assets to foreigners and the purchases. = current account balance (imports) of assets from foreigners. It records the international flows of financial capital the receipts from and the payments to foreigners arising from the exports and imports of (financial) assets respectively. It also includes international transactions carried by the by the private sector (households and firms) and the central bank. Foreign assets held by the central bank are called official reserves.

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