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Rules of Thumb for Balance of Payments Accounting

Author

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  • Benjamin Atkinson

Abstract

Balance of payments accounting can be confusing for students, because it is sometimes difficult to determine whether a certain transaction (e.g., a currency exchange) is a debit or a credit to a certain account. It is therefore the purpose of this paper to summarize the standard balance of payments concepts according to useful rules of thumb, which are intended to help students more easily determine how a given international transaction affects each balance of payment account.

Suggested Citation

  • Benjamin Atkinson, 2013. "Rules of Thumb for Balance of Payments Accounting," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 13(1), pages 23-28, Fall.
    • Handle: RePEc:mts:jrnlee:v:13:y:2013:i:1:p:23-28
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    File URL: http://capone.mtsu.edu/jee/2013/4-MS413-pp23to28.pdf
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    Cited by:

    1. Mario G.R. Pagliacci & Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2016. "The Econometric Model for the Economic and Financial Analysis of Romanian International Trade," Romanian Statistical Review, Romanian Statistical Review, vol. 64(3), pages 53-66, September.

    More about this item

    Keywords

    balance of payments accounting; international economics; teaching;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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