Balance of payments: refers to various economic transactions between an economy (usually a country or region) and other economies in the world in a certain period of time. Among them, economic transactions are transactions between residents and non-residents As a flow, economic transactions reflect the creation, transfer, exchange, transfer or reduction of economic value, including current account transactions, capital and financial account transactions and changes in international reserve assets. Balance of payments statement: According to the double-entry bookkeeping principle, taking a specific currency as the unit of measurement, it comprehensively reflects all economic transactions between an economy (generally referring to a country or region) and other economies in the world in a specific period in a concise tabular form.

What is the balance of payments?

Balance of payments: a systematic record and synthesis of all economic transactions between residents and non-residents of an economic entity in a certain period of time. Balance of payments is a concept of flow, which reflects all transactions recorded in currency and records transactions between residents and non-residents of a country.

Optimal currency area: refers to the area formed by the free flow of production factors in several countries or regions. The implementation of fixed exchange rate system or single currency system in this area is conducive to establishing the adjustment mechanism between this area and other regions.

Triffin's Dilemma: Under the Bretton Woods system, the US dollar, as the only reserve currency, has insurmountable internal defects: the United States has a surplus in the balance of payments, while the supply of international reserve assets is insufficient; If there is a deficit in the balance of payments of the United States, the credit of the US dollar will be difficult to maintain.

Marshall-Lerner condition: when the national income is constant, the condition that depreciation can improve the trade balance is that the sum of import and export demand elasticity is greater than 1.

Exchange rate system: refers to a series of arrangements or regulations made by a country's monetary authorities on the determination of the exchange rate level of its own currency and the way of exchange rate changes. Including: the principles and basis for determining the currency exchange rate; Methods of maintaining and adjusting the exchange rate; Laws, systems and policies governing exchange rates; Determine the mechanism for maintaining and managing the exchange rate.

Current account: refers to the account that records the actual international resource flow. It includes the following items: goods, services, income and current transfer.

Capital and financial account: refers to the account that records the international flow of asset ownership. It includes capital account and financial account.

International investment position: The concept that reflects a country's assets and liabilities to other countries in the world at a certain point is an international investment position, and the net value obtained after a country's external assets and liabilities are offset is a net international investment position.

Meade conflict: refers to the situation that under the fixed exchange rate system, a country can only change its expenditure as a policy tool, but cannot achieve two economic goals of internal and external balance at the same time.

Forward foreign exchange transaction: a kind of foreign exchange transaction, in which both parties sign a transaction contract in advance to determine the trading time, price, exchange rate and currency, and the delivery is due. This kind of transaction can also be used for hedging or speculation.

Law of one price: It means that under the condition of free trade, the price of the same commodity in the same currency is the same all over the world.

Currency crisis: currency crisis in a broad sense, also known as exchange rate crisis, refers to a country's partner exchange rate changes greatly in a short period of time; In a narrow sense, currency crisis refers to the large-scale asset replacement and the collapse of fixed exchange rate system in countries with fixed exchange rate system.

Absolute purchasing power parity theory: at a certain point, the ratio of currency purchasing power (or price level) between the two countries determines the proportion of currency exchange between the two countries; Equal to the reciprocal ratio of the price levels of the two countries.

Balance of payments: refers to the difference between the current account and the capital transfer, direct investment and securities investment accounts in the capital and financial accounts, that is, the balance after deducting the official reserve account from the accounts.

Currency substitution: In the process of economic development, when China loses confidence in the stability of its currency or the rate of return on its currency assets is relatively low, foreign currency plays all or part of the functions of currency.

European money market: refers to the market where non-residents borrow and deposit their own currencies (freely convertible) outside the currency issuing country through the intermediary of banks, also known as offshore currency markets.

Mundell's Law: Under the fixed exchange rate system, the internal equilibrium target is allocated to fiscal policy and the external equilibrium target is allocated to monetary policy.

J-curve effect: when a country's currency depreciates, it will initially worsen rather than improve its trade situation. Only after a period of time can the deterioration of its trade balance be controlled and improved, and finally the trade balance will be improved. This process is described by a curve, similar to the capital letter J, which represents the time lag effect of devaluation on the improvement of trade balance.

Expenditure conversion policy: refers to exchange rate policy and direct control policy. Exchange rate policy refers to adjusting the exchange rate, and then adjusting the comparative relationship between import and export, so as to achieve the purpose of adjusting the balance of payments. Direct control policy refers to the policy of balancing the balance of payments through administrative orders (such as quantity control and price control). These two policies did not change the level of total demand, but only changed the direction of expenditure.

Special Drawing Rights: Book assets allocated by the International Monetary Fund to member countries according to their shares, which can be used to repay the balance of payments deficit between the International Monetary Fund and member countries.

Arbitrage refers to the use of exchange rate differences of some currencies in different foreign exchange markets, different currencies and different delivery periods. ......

What are the characteristics of the balance of payments?

The biggest feature is "double surplus"

First of all, sustained, rapid and healthy economic development is an important basis for the further expansion of the balance of payments surplus. The proactive fiscal policy and prudent monetary policy have achieved remarkable results, the strategic adjustment of the economic structure has achieved initial results, various reforms have been deepened, and the level of opening up has been further improved. These factors are conducive to enhancing the export competitiveness of enterprises, improving the environment for foreign investment, and enhancing confidence in the stability of RMB exchange rate at home and abroad.

Second, a good foreign economic situation is the direct driving force for the further expansion of the balance of payments surplus. With its huge market potential, low labor costs, long-term rapid economic growth and China's accession to the WTO, China became the country that absorbed the most foreign direct investment in that year for the first time. The contracted amount of foreign direct investment increased by 20% year-on-year, and the actually used amount increased by 13%.

Impact:

When the balance of payments surplus comes from the output of a large number of real resources, it will restrict a country's long-term sustainable development; However, the net inflow of foreign capital increases the demand for long-term profit and interest outflow, and may also have a certain crowding-out effect on the utilization of domestic funds; If the inflow of funds contains a lot of hot money, it is likely to pose a threat to a country's financial stability and economic security. In addition, the long-term balance of payments surplus may also lead to economic confrontation and sanctions in partner countries.

What does the balance of payments mean?

The International Monetary Fund defines the balance of payments as a statistical statement that systematically records the transactions between economic entities and other parts of the world in a certain period of time. Most transactions are between residents and non-residents.

The balance of payments is the sum of current account and capital account.

What does the balance of payments mean?

Balance of payments refers to the sum of current account and capital account.

The International Monetary Fund defines the balance of payments as a statistical statement that systematically records the transactions between economic entities and other parts of the world in a certain period of time. Most transactions are between residents and non-residents.

What is the balance of payments?

Balance of payments refers to the sum of current account and capital account.

Current account refers to the items that often occur in the economic exchanges between China and foreign countries, and it is the most important item in the international balance of payments, including foreign trade balance, non-trade exchanges and free transfer.

Capital account refers to the international changes of creditor's rights and debts expressed in currency between China and foreign countries, in other words, it is the cross-border income and expenditure account of capital in international economic transactions for some economic purpose. Capital account includes the transfer of assets or financial assets between residents and non-residents.

What are the main items in the balance of payments?

Hello. The balance of payments is a balance sheet that reflects all economic exchanges between a country and foreign countries in a certain period of time. The balance of payments statement is a systematic record of the actual dynamics of trade, non-trade, capital exchange and reserve assets in the process of economic and technological exchanges between a country and other countries, and is an important tool for balance of payments accounting. (1) Current account: the most basic and important item in the balance of payments, which mainly records the international transactions of goods and services. Including trade balance, labor balance and transfer balance. (2) Capital account: recording the outflow and inflow of capital as a form of capital, which can be divided into two sub-items: long-term capital flow and short-term capital flow. (3) Balanced settlement items: including errors and omissions and official reserves. I hope I can help you and work smoothly!

What does the balance of payments include?

The balance of payments contains many contents. What exactly does LZ mean? The balance of payments account structure actually includes current account, financial account and official settlement account.

What is the declaration of balance of payments

To put it bluntly, you have to report your money transactions with foreigners and foreign units to SAFE. Income or expenditure, how much?

If you are investing or borrowing money, report how many receivables and payables there are.

Safe will make summary statistics according to the basic data of the report. As the basis of macro-control.

What is the balance of payments?

The balance of payments in CMA management accounting in China refers to the sum of current account and capital account. During the specified period, all transactions between one country and all other countries will be accumulated.