ECON332 Study Guide - Final Guide: Fisher Hypothesis, Ceteris Paribus, Price Discrimination
10 Apr 2017
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Document Summary
International finance focuses on financial or monetary transactions across nations. Balance of payments: trade deficits may be offset by net inflows of financial assets, the official settlements balance (or balance of payments) measures the balance of funds that central bank use for official international payments. International policy coordination: the need for integrated international policies arises from the existence of integrated economies. International capital market: capital markets are arrangements by which individuals and firms exchange money now for promises to pay in the future. National income accounting records the value of national income that results from production and expenditure: amount of expenditure by buyers = amount of income for sellers = value of production. Gross national product (gnp) is the value of all final goods and services produced by a nation"s factors of production and sold on the market in a given time period.
