Advanced Search
MyIDEAS: Login to save this paper or follow this series

What is the Accommodating Item in the Balance of Payments?

Contents:

Author Info

  • David Chaundy
Registered author(s):

    Abstract

    Balance of payments accounts are constructed using a double-entry accounting principle such that total credits equal total debits. Modelling each entry independently will not guarantee this equality. It is therefore important to identify the counterpart entries or 'accommodating' items that ensure that total credits equal total debits. This short paper identifies the accommodating item for the UK by presenting institutional evidence on the means of payment for international transactions. The paper contributes to the debate about whether the net overseas assets of banks are determined by the non-bank private sector or by the banks themselves. It also sheds light on statistical attempts to measure the volatility of various investment flows. The conclusions of the paper are likely to apply to any developed country with a well-developed banking system.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.cbr.cam.ac.uk/pdf/WP122.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp122.

    as in new window
    Length:
    Date of creation: Mar 1999
    Date of revision:
    Handle: RePEc:cbr:cbrwps:wp122

    Note: PRO-1
    Contact details of provider:
    Web page: http://www.cbr.cam.ac.uk/

    Related research

    Keywords: Balance of payments; autonomous; accommodating; bank deposits; volatility;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Davies, Gavyn, 1990. "The Capital Account and the Sustainability of the UK Trade Deficit," Oxford Review of Economic Policy, Oxford University Press, vol. 6(3), pages 28-39, Autumn.
    2. repec:sae:niesru:v:131:y::i:1:p:52-56 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cbr:cbrwps:wp122. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.