IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-032-04145-6_2.html

The Balance of Payments Accounts

In: International Macroeconomics and Finance

Author

Listed:
  • Edward E. Ghartey

    (The University of the West Indies)

Abstract

This chapter of the book deals with the balance of payments (BOPs) account. It defines the BOPs and discusses the uses of the BOPs. It also covers the net exports (NX), current accounts, primary income, and secondary income (or net unilateral investment) position. It explains how indispensable the BOPs accounts data is for banks, businesses, and households. We have explained how the BOPs data furnishes the government with information to formulate fiscal, monetary, and trade policies to run the country. We have covered the BOPs account from the perspective of the IMF and the US; high-lighted the significance of their differences. We have covered the current account, capital account, and financial account. We have also discussed the components of the financial accounts, such as portfolio investments; and direct investments, such as Brownfield investments and Greenfield investments, and derivatives, not to mention other investments and reserves and related assets. We have explained concepts such as: net international investments position (NIIP), fundamental BOPs identity, accommodating transactions, autonomous transactions, official reserve transactions, financial inflows and outflows, residents of a country, and double-entry bookkeeping account principle. Finally, we have worked through examples and provided assignments for readers to practice and buttress their understanding.

Suggested Citation

  • Edward E. Ghartey, 2025. "The Balance of Payments Accounts," Springer Books, in: International Macroeconomics and Finance, chapter 0, pages 13-30, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-04145-6_2
    DOI: 10.1007/978-3-032-04145-6_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-032-04145-6_2. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.