(BQ) Part 2 book "International economics" has contents: Foreign exchange, exchange rate determination, mechanisms of international adjustment, macroeconomic policy in an open economy, international banking - reserves, debt, and risk,.and other contents. | Find more at PART 2 International Monetary Relations Copyright 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Find more at Copyright 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Find more at The Balanceof-Payments CHAPTER 10 W hen trade occurs between the United States and other nations, many types of financial transactions are recorded in a summary called the balance-of-payments. In this chapter, we examine the monetary aspects of international trade by considering the nature and significance of a nation’s balance-of-payments. The balance-of-payments is a record of the economic transactions between the residents of one country and the rest of the world. Nations keep a record of their balance-of-payments over the course of a one-year period; the United States and some other nations also keep such a record on a quarterly basis. An international transaction is an exchange of goods, services, or assets between residents of one country and those of another. But what is meant by the term resident? Residents include businesses, individuals, and government agencies that make the .
