IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-35693-2_1.html
   My bibliography  Save this book chapter

The Balance of Payments and Exchange Rate

In: International Financial Transactions and Exchange Rates

Author

Listed:
  • John N. Kallianiotis

Abstract

In our open economies, domestic residents can engage in a variety of international transactions involving the purchase or sale of goods, services, and assets. US residents buy European cars and US airplane manufacturers sell commercial jets to Australian airlines. Vineyards in California purchase the services of Mexican workers, while American universities sell their educational services to Saudi Arabian students. At the same time, US investors open Swiss bank accounts, and US multinational corporations are raising funds by selling stocks and bonds to foreign investors (Chinese and Japanese). These are the legal transactions that the balance of payments (BoP) intends to register. BoP accounts are an accounting record of all monetary transactions that have taken place during a given period between a country and the rest of the world.1

Suggested Citation

  • John N. Kallianiotis, 2013. "The Balance of Payments and Exchange Rate," Palgrave Macmillan Books, in: International Financial Transactions and Exchange Rates, chapter 0, pages 1-39, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-35693-2_1
    DOI: 10.1057/9781137356932_1
    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 search for a similarly titled item that would be available.

    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:pal:palchp:978-1-137-35693-2_1. 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.palgrave.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.