Bazari Azhar AziziMSc Islamic Finance Student at Durham University | Awardee of PK-67 Indonesian Endowment Fund for Education (LPDP) à LPDP Kementerian Keuangan RI
Bazari Azhar AziziMSc Islamic Finance Student at Durham University | Awardee of PK-67 Indonesian Endowment Fund for Education (LPDP) à LPDP Kementerian Keuangan RI
4. We now begin our examination of the monetary aspects
of international economics after learning few weeks ago
about international trade and it’s theory. And we have
learn so far about economic policy and it’s implication on
international trade.
Here, money is explicily brought into the picture, and
commodity prices are expressed in terms of domestic and
foreign currency units.
We begin our discussion of international finance by
examining the balance of payments
We now begin our examination of the monetary aspects
of international economics after learning few weeks ago
about international trade and it’s theory. And we have
learn so far about economic policy and it’s implication on
international trade.
Here, money is explicily brought into the picture, and
commodity prices are expressed in terms of domestic and
foreign currency units.
We begin our discussion of international finance by
examining the balance of payments
Introduction
5. Balance of Payment is a summary statement in which, in
priciple, all the transactions of the residents of a nation
with the residents of all other nations are recorded
during a particular period of time, usually a calendar
year. (Salvatore, 2007)
Balance of Payment is a statement that systematically,
for specific time period, the economic transactions of an
economic with the rest of the world. Transactions, for the
most part between residents and non residents, consist
of those involving goods, services and income (IMF, 1993)
Balance of Payment is a summary statement in which, in
priciple, all the transactions of the residents of a nation
with the residents of all other nations are recorded
during a particular period of time, usually a calendar
year. (Salvatore, 2007)
Balance of Payment is a statement that systematically,
for specific time period, the economic transactions of an
economic with the rest of the world. Transactions, for the
most part between residents and non residents, consist
of those involving goods, services and income (IMF, 1993)
Definition Balance of Payment