Payment(国际金融国家级课程上海金融学院).pptx

InternationalFinanceTeachingApproachChapter1.BalanceofPaymentChapter1-DefinitionBalanceofInternationalIndebtedness国际借贷：一国在一定日期对外债权债务的综合情况。（余额存量）Comparisonof2conceptsIMF’sDefinitionResident在本地居住一年以上的政府个人企业和事业单位。IMF世界银行是任何国家的非居民。公民与居民并不是同一个概念。公民是一个法律概念；而居民则以居住地为标准包括个人政府非盈利团体和企业四类。即使外国居民只要他在本国长时期（一年以上〕从事生产消费行为也属于本国居民。移民属于其工作所在国家的居民；逗留时期在一年以上的留学生旅游者也属所在国的居民。外交使节驻外军事人员是派出国的居民。ExtendedApplicationofResidentsBalanceofPaymentsStatementIFM’sDefinitionMainItemsCurrentAccountCapitalAccountBalancing/SettlementAccountErrorandOmission-1ErrorandOmission-2U.S.BalanceofPaymentsAccountfor1991(2)ImportsOfficialreserveassetsCalculationPracticeApproachofAnalysisBasicKnowledgeofCompilation-1BasicKnowledgeofCompilation-2AdjustmentofImbalanceBasicKnowledgeofCompilation-3国际收支平衡的考察口径贸易收支──────────→贸易差额劳务收支TradeBalance单方面转移──────────→经常项目差额?长期资本往来CurrentAccountBalance──────────→基本差额私人短期资本往来BasicBalance──────────→官方结算差额?官方短期借贷OfficialSettlementsBalance官方储备CausalityofDisequilibriumAdjustmentofDisequilibrium逆差物价与现金流动机制流程图国际收支逆差黄金外流通货紧缩物价下跌出口增加进口减少国际收支平衡AdjustmentmechanismunderpapermoneycirculationAdjustmentPolicies-1aAdjustmentPolicies-１bChartofExpenditure-switching&Expenditure-changingCurveMatchingExpenditure-switching&Expenditure-changingpolicyAdjustmentPoliciesAdjustedPolicies-2aThreePricesaffectedAdjustmentPolicies-3TheoriesofAdjustmentElasticitiesApproach-1ElasticitiesApproach-2Marshall-LernerConditionJ-curveeffectTime-Lag?Example1ofElasticityApproachExample2ofElasticityApproachExample2ofElasticityApproachElasticitiesApproach-3ElasticitiesApproach-3aForeignTradeMultiplierTheoryDevelopmentoftheMultiplier-1DevelopmentoftheMultiplier-1DevelopmentoftheMultiplier-2DevelopmentoftheMultiplier-3AbsorptionApproach吸收=A国民总支出；国内资源总耗费国际收支差额B=贸易收支差额X-M国际收支=总收入-总支出PolicyMixTheoryPolicyMixture4AreasoriginMatchingoffiscaland