Podcasts about balance of payments

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates?

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates?

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with all eyes will be on China this week, especially its financial markets, as it returns from a week-long holiday.In the week ahead, there will only be second-tier data and events. The Fed's FOMC will drop the minutes of its late January meeting on Thursday, NZT. They will be watched for rate-cut signals. There will be a big set of preliminary PMIs for February released this week for a range of key countries. Canada will release its CPI result for January on Wednesday. And Wednesday is when we will get the results of the latest dairy auction.In China, financial markets return later today after the Chinese New Year break. Authorities will be ready to cover any weaknesses, and investors are likely to take advantage. The 'Beijing put' is going to save many investors. But it might work for Beijing who seem to be engineering a substantial rise in the proportion of SOE control of overall GDP. Private ownership and control of large enterprises is now not seen by Beijing as in the country's best interests.Overnight the People's Bank of China kept the rate of ¥500 bln worth of one-year policy loans to some core state financial institutions, known as the medium-term lending facility, at 2.5%. The 'hold' was seen as an effort to prevent more pressure on the yuan. The operation resulted in a net ¥1 bln injection into their financial system (+NZ$227 mln), the smallest boost since August, because ¥499 bln worth of MLF loans are set to expire over the rest of February. A related Loan Prime Rate cut is still likely in February however.And official data claims that this Chinese New Year activity was the best ever. Total domestic trips for the eight-day long holiday rose more than a third to 474 million, while tourism receipts grew by almost +50% to ¥633 bln. That's +19% more in term of trips and +7.7% more in terms of tourism spending from the equivalent 2019 holiday period.Meanwhile, updated data also released overnight on China's balance of payments transactions shows that inbound investment in 2023 was its lowest since 1995 at just ¥148 bln (NZ$34 bln). In fact that 2023 level is just one tenth of the 2021 level.Singapore's exports rose notably in January from December and were up almost +17% from a year ago. Analysts were expecting a more modest +5% rise so that is a notable change.And as widely expected, the Russian Central Bank held its policy rate unchanged at 16%, a pause to the +850 bps hiking campaign that started in July 2023.We should also note that it is another long holiday weekend in the US. Monday in the US (Tuesday NZT) will be President's Day and markets, both bond and equity markets, will be closed.The next release of a survey on consumer sentiment has it rising and confirming earlier surveys. The University of Michigan version rose slightly to a fresh high since July 2021 even if it was marginally below market forecasts.US residential building consents slipped in January from December, but were +8.6% higher than a year ago.But American housing starts slumped almost -15% in January to an annualised rate of 1.331 mln, lower than year-ago levels and the lowest since August and missing market forecasts by a lot. It is the biggest fall since April 2020.Inflation is clearly not beaten yet even if it is down. US producer prices were up +0.3% in January from December, the biggest month-on-month increase in five months, following a -0.1% decline in December. Analysts expected a rise of +0.1%. Cost of services rose +0.6% m/m, the largest increase since July. But that all means producer prices are only a modest +0.9% higher than a year ago. It is the recent pickup that worries markets.On Wall Street, with the December company results three quarters released by now, they show a modest +3.2% lift from a year ago. Against expectations however the story is more positive; 75% of S&P 500 companies have reported a positive EPS 'surprise' and 65% of S&P 500 companies have reported a positive revenue 'surprise'. This reminds us that late 2023 expectations were low - and unnecessarily so it turns out.Money that shifted out of equities into money market funds is now moving back. Global equity funds racked up significant inflows in the week to February 14 as investor optimism returned for this stock market rally, despite lingering uncertainties over the Federal Reserve's rate cut plans. It is a global thing, including Australia.Earnings reported in Australia have also been better than expected overall. About a third of the major companies have reported earnings for the December half so far; almost a half of those have beaten consensus expectations, an unusually high proportion, and while a third have missed analyst estimates.The UST 10yr yield starts today at 4.28% and down -2 bps from Saturday. The price of gold will start today up +US$3/oz from Saturday at US$2013/oz.Oil prices are still just over US$78.50/bbl in the US while the international Brent price is slightly softish at US$82.50/bbl.The Kiwi dollar starts today at just on 61.2 USc and unchanged from Saturday. Against the Aussie we are marginally firmer at 93.8 AUc. Against the euro we are still at 57.8 euro cents. That all means our TWI-5 starts today at just on 70.7 and little-changed.The bitcoin price starts today at US$51,784 down -0.4% from this time Saturday. But it is up a net +9.2% from this time last week. Volatility over the past 24 hours has been modest at just on +/- 1.1%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

BUSINESS: Balance of payments deficit widens in June | July 21, 2023Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribeVisit our website at https://www.manilatimes.netFollow us:Facebook - https://tmt.ph/facebookInstagram - https://tmt.ph/instagramTwitter - https://tmt.ph/twitterDailyMotion - https://tmt.ph/dailymotionSubscribe to our Digital Edition - https://tmt.ph/digitalCheck out our Podcasts:Spotify - https://tmt.ph/spotifyApple Podcasts - https://tmt.ph/applepodcastsAmazon Music - https://tmt.ph/amazonmusicDeezer: https://tmt.ph/deezerStitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes Hosted on Acast. See acast.com/privacy for more information.

THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) Books Out of Balance/Hipkins Never Saw it ComingSee omnystudio.com/listener for privacy information.

In this segment, Jim and Scott meet with Cindy Baker, DAU's Learning Asset Manager for CON 0270 - Buy American/Balance of Payment Program Course, and a new separate asset called the DoD Decision Tool (formerly in CLC 027, which is now replaced with CON 0270, and has the latest policy changes due to Executive Order 14005).   You will learn about the new Decision Tool, and how it will help you navigate the DFARS Provision and Clause (the link to the tool is below).   If you want to get refreshed and support on the Buy American policies, these assets will help you get there.  I-Catalog location:    https://icatalog.dau.edu/onlinecatalog/courses.aspx?crs_id=13074 DoD Decision Tool for Buy American:  https://www.dau.edu/tools/t/DoD-Decision-Tool-for-Buy-AmericanContracting Community of Practice: https://www.dau.edu/cop/contracting/Pages/Default.aspxIf you are watching this video on DAU Media, but rather watch on YouTube, go to https://www.youtube.com/channel/UCbF8yqm-r_M5czw5teb0PsA

IMF's Special Drawing Rights (SDR) support helped the country maintain a stable balance of payments surplus in the last September quarter, a financial daily recently said, while claiming that the country's current account is back in deficit. Widening trade deficit was also one of the main reasons for it. But the country was in a much better position than it was during 2012-13, when the current account deficit had touched a low of 4.8 percent of GDP. In 1991, the balance of payments crisis had paved the way for much-needed and long-overdue reforms, the scope of which remains unmatched till today. The balance of payments, or BoP for short, records all the transactions, be they in goods, services or assets, of the concerned country with the rest of the world. All such transactions over a specified time period, usually a year, are kept track of in this way.     This is also known as the balance of international payments. Think of it another way: It is a statement of all the economic transactions that a nation's individuals, firms, and government enter into with individuals, firms, and governments outside the nation in question.   The transactions in question include imports and exports of goods, services and financial assets, along with transfer payments. Balance of payments or BoP allows one to monitor all international monetary transactions. In short, the aim is to determine how much money is going in and out of the country's economy. Knowing the strengths and weaknesses of the economy is the basic purpose of BoP accounting. One can determine the overall gains and losses from international trade by analysing the BoP accounts of the previous year. The current account and the capital account are the two main accounts in the BoP. Imports and exports in goods, the trade in services and transfer payments are recorded in the current account. While, all international purchases and sales of assets such as money, stocks, and bonds, etc. are recorded in the capital account. Foreign investments and loans are also included in the capital account. The country is said to be in balance of payments equilibrium when the sum of its current account and its non-reserve capital account equals zero so that the current account balance is financed entirely by international lending. The balance of payments deficit or surplus is obtained after adding the current and capital account balances. The decrease in official reserves is called the overall BoP deficit and the increase in reserves is BoP surplus. A country with a current account deficit can face difficulties. In the event that the deficit is large and its economy is unable to obtain adequate foreign investment inflows, the country's currency reserves dwindle.   Watch video

Components of balance of payments, capital account, current account, others account, deficit and surplus in balance of payments, balance of payments disequilibrium. #mcom #bcom #bba #mba #ignou #makaut #cu #icfai #annamalai #smu #nshm #amity #jainuniversity #nmims Prof. Amrita Jha 9748882085, 7980975679 --- Send in a voice message: https://anchor.fm/psbtrainingacademy/message

Laura Schultz, executive director of research at the SUNY Rockefeller Institute of Government, looks closely at how New York state dollars funnel towards the federal government, and how those funds come back to the state and city. For a long time, New York's balance of payments have tilted toward a gap, meaning the state sends more to the federal government than it gets back. We'll look at the ways that impacts services in New York and how it might recover from Covid-19 and the resulting budget shortfall. 

A special episode to explain the balance of payments.

Mrs B interviews DJ the expert on BOP

In a new episode of Policy Outsider, guest Laura Schultz, executive director of research at the Rockefeller Institute of Government, discusses the methods used in the Institute’s Balance of Payments report and how federal economic relief for COVID-19 is likely to impact state balance of payments and rankings. States throughout the nation are grappling with massive budget deficits caused by the economic downturn associated with COVID-19. While states plan for major cutbacks to critical areas like education and infrastructure, relief in the form of an additional federal stimulus bill is being negotiated in Congress. Several of the states hardest hit by the pandemic, such as New York and New Jersey, are Democrat-controlled and the debate over relief funding has become politicized, with relief funding being characterized by some as a “blue state bailout.” But, as policymakers in these states have pointed out, taxpayers in these states give more to the federal government in taxes than their states get back in federal spending—a negative balance of payments—while many “red” states get more in federal spending than they give to the federal government in taxes. Understanding how funding flows among states and the federal government provides important context for evaluating these claims and understanding the potential effects of federal stimulus spending.

“How do you pay for The Green New Deal?” is a serious question in today’s political environs -- though as Nathan Tankus clarifies, not for the reasons you might think. In Part 3 of his interview with Steve Grumbine, he recognizes that MMT and the US Bond market don’t finance spending in financial terms but shows us how non-fiscal “pay-fors” can give the US economy resource room to reallocate workers and energy through financial and environmental regulation. This can be accomplished without interest rate management and raising taxes to appease those who still believe the US is constrained by debt.   The Green New Deal and a Job Guarantee will make it possible to identify which areas in the US need more resources allocated to them simply by analyzing how many citizens sign up for the program. While the state of the US economy is oft described as a whole, the number of people entering the job guarantee program can show what counties are affected more by poverty and unemployment and allow them to remain in their home regions rather than flock to major urban centers to seek employment.   He also notes that the largest American cities are coastal and would be first affected by the rising waters due to climate change. Rather than drive people to those regions, we should be planning escape routes when those cities become uninhabitable. Describing a recent video narrated by Alexandria Ocasio-Cortez, Nathan points out how an army of workers is going to be needed to help rebuild areas that are destroyed by natural or man-made disasters.   Using the example of how Syria endured years of drought which drove rural workers to city centers to find work, Nathan shows us how many poor & unemployed young people are now basically housed in prisons and argues that they should be emptied, primarily for moral reasons, but also to increase the productive capabilities of the United States. He cites the example of inmates being utilized as (unpaid) firefighters in California to show that we already do this to a limited extent and in an immoral way.   The remainder of the interview deals with Balance of Payments. Nathan explains that countries can have either a balance of payments deficit or surplus, depending on outflows such as payments for exports, interest payments and dividend payments netted with payment inflows. The addition of all balances of payments from all countries will, therefore, theoretically be zero. Monetary Sovereignty is a spectrum. Most countries in the world pay globally in US dollars because the large sums of debts and treaty obligations are denominated in dollars -- which in turn lead to exports and imports "invoiced" in dollars, which prevents countries from using their own currencies in payments. Thus, dollar exchange rates and interest rates are very important.   Nathan and Steve then examine the concept of the International currency hierarchy and the two elements that determine a country’s standing: Financial Strength and Physical Resources. A country can have a large current account deficit and a pegged currency but be rich in physical resources -- and be in equal or better standing than a country with a current account surplus and full monetary sovereignty but with few physical resources.   In closing, Nathan compares how US states have current account positions with one another, similar to those between Eurozone states. However, understanding this relationship is difficult because no records have been kept - and the data could be distorted to criticize states with large deficits as lazy or delinquent, simply because they have fewer jobs or lower incomes. Such data could be used by ‘bad actors’ who wish to divide people based on race.   Armed with this information, America could do some amazing things using the Green New Deal and the Federal Job Guarantee   Nathan Tankus is Research Director at Modern Money Network.   @NathanTankus on Twitter

Wondering how to pay for a Green New Deal? Nathan Tankus breaks it down in ways you probably never considered. In combination with a Job Guarantee, America could do some amazing things. With the proper political environment, it might get that chance.

A new pay deal for Australia's national women's football team is being widely hailed as a landmark moment in women's sport. Later this week, Football Federation Australia is expected to announce the Matildas will be paid the same as their male counterparts, the Socceroos. Under the arrangement, the Matildas and the Socceroos will also reportedly share commercial revenue and prize money evenly. - Một thỏa thuận về mức lương mới cho đội bóng đá nữ quốc gia Úc đang được ca ngợi như một dấu son mang tính bước ngoặt trong lĩnh vực thể thao nữ.Liên đoàn bóng đá Úc vừa công bố sự kiện đội bóng Matildas sẽ được trả lương ngang với các đồng nghiệp nam của họ, đội Socceroos. Theo sự sắp xếp, Matildas và Socceroos sẽ chia sẻ doanh thu thương mại và tiền thưởng một cách đồng đều.

An interview with the economist Guido Preparata, above all about two broad topics. First, how the United States maintains its central role in the global economy through the power of the dollar as the world's reserve currency. Second, about how money might be reformed to reflect its place in economic production. Preparata was a central banker with the Bank of Italy, and has taught at the University of Washington and the Pontifical Gregorian University in Rome. He has written two books, Conjuring Hitler and The Ideology of Tyranny, and edited New Directions for Catholic Social and Political Research. Show notes: https://roryoconnor.xyz/podcast/guido-preparata-on-the-u-s-balance-of-payments-cryptocurrency-interest-inflation-and-perishable-money/ roryoconnor.xyz patreon.com/roryoconnor

Politics & Philosophy

Politics & Philosophy

Ray Keating looks at trade and international investment courtesy of the balance of payments. Keating explains the current account, the capital account, and more, and sums up that the U.S. runs a capital account surplus because it’s an attractive place to invest.

The balance of payments (BOP) refers to a county's international transactions and judges how a country interacts with the rest of the world. Daniel Tarling-Hunter, Economist at Euromonitor, explains how the BOP is divided into current, capital and financial accounts, analyzing several countries through their balance of payments.

Michael Kitson warns we need to develop industries with long term potential for growth.

Lecture 15 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

Economic Constraints: The Balance of Payments (Thur 24 Sept) Slides / Audio

Economic Constraints: The Balance of Payments (Thur 24 Sept) Slides / Audio

Economic Analysis - Chase

When an American firm purchases Chinese goods, the Chinese economy can do one of three things with the dollars: spend them on US goods, invest in the US, or hold them as reserves. This simple but important accounting identity is called the balance of...

The doctrine in favor of the balance-of-payments is the worst illusory idea. Governmental interventions that seek to regulate international monetary flows to provide the necessary quantities of money for the economy are superfluous.In all cases, the undesired outflow of money can only be the result of a governmental intervention that endows differently valued monies with the same legal purchasing power. Mises' 1919 paper on Balance of Payments and Exchange Rates proved to be influential in turning Austrian monetary policy away from the path of hyperinflation before it was too late.Recorded May 1,1969. Special thanks to Bettina Bien Greaves for making this important recording available. Note that this recording ends abruptly. [1:16:55]