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Lecture Money and capital markets: Financial institutions and instruments in a global marketplace (8th edition): Chapter 25 - Peter S. Rose

Chapter 25 - International transactions and currency values. In this chapter, you will explore the functions and roles performed by the international markets within the global financial system, you will see how international payments for goods and services are made and how international borrowing and lending can be tracked through a nation’s balance-of-payments accounts. | Money and Capital Markets 25 C h a p t e r Eighth Edition Financial Institutions and Instruments in a Global Marketplace Peter S. Rose McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu International Transactions And Currency Values Learning Objectives To explore the functions and roles performed by the international markets within the global financial system. To see how international payments for goods and services are made, and how international borrowing and lending can be tracked through a nation’s balance-of-payments accounts. To understand how the values of national currencies are determined. Introduction Facilitated by dramatic improvements in communication and transportation, world trade and the international financial markets have experienced enormous growth. The Balance of Payments One of the most widely used sources of information concerning flows of funds, goods, and services between nations is each country’s balance of payments (BOP) accounts. This statistical report . | Money and Capital Markets 25 C h a p t e r Eighth Edition Financial Institutions and Instruments in a Global Marketplace Peter S. Rose McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu International Transactions And Currency Values Learning Objectives To explore the functions and roles performed by the international markets within the global financial system. To see how international payments for goods and services are made, and how international borrowing and lending can be tracked through a nation’s balance-of-payments accounts. To understand how the values of national currencies are determined. Introduction Facilitated by dramatic improvements in communication and transportation, world trade and the international financial markets have experienced enormous growth. The Balance of Payments One of the most widely used sources of information concerning flows of funds, goods, and services between nations is each country’s balance of payments (BOP) accounts. This statistical report summarizes all the economic and financial transactions between residents of one nation and the rest of the world during a specified period of time. The U.S. Balance of Payments The U.S. BOP 25 - Source: Bureau of Economic Analysis The U.S. Balance of Payments The U.S. BOP 25 - Source: Bureau of Economic Analysis The U.S. Balance of Payments Data Source: Bureau of Economic Analysis $ Millions Net Financial Flows Balance of Current Account Net Capital Account Transactions The Problem of Different Monetary Units In International Trade and Finance Different monetary units are used as the standard of value in different countries. When goods and services are sold or when capital flows across national boundaries, currency exchange is often necessary. Currency exchange is risky. Speculative currency flows may also complicate government policies aimed at curbing inflation and ensuring economic growth. The Problem of Different Monetary Units In International Trade and Finance The gold .