Balance of payments (BOP)

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Presentation transcript:

Balance of payments (BOP) The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time. Usually, the BOP is calculated every quarter and every calendar year. All trades conducted by both the private and public sectors are accounted for in the BOP in order to determine how much money is going in and out of a country. If a country has received money, this is known as a credit or inflow, and, if a country has paid or given money, the transaction is counted as a debit or outflow. Theoretically, the BOP should be zero, meaning that credits (inflows) and debits (outflows) should balance. But in practice this is hardly ever the case and, thus, the BOP can tell the observer if a country has a deficit or a surplus and from which part of the economy the discrepancies are stemming. 13/11/2018

Compare the following definitions and find out mistakes The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time The balance of payments (BOP) is the method companies use to monitor all international economic transactions at a specific period of time 13/11/2018

BOP Structure Tourism Goods Business/company Match words with pictures Worker’s remittances Bonds Business service fees Tourism Goods Business/company 13/11/2018

Balance on current account Goods (exports, imports) Trade balance Services (tourism, transportation, engineering, etc.) Dividends Unilateral transfers (worker’s remittances, foreign aid) Balance on current account Land Equipment Capital and financial account Balance on capital account Business, company Bonds Balance of financial account Combined capital and financial accounts Overall balance of payments 13/11/2018

Current account (TB and services) Fill in the blanks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 13/11/2018

Capital and financial account Fill in the blanks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 13/11/2018

Esempi concreti Citare un esempio o raccontare un fatto realmente accaduto Se opportuno, manifestare la propria comprensione per le esigenze degli spettatori 13/11/2018

Conclusione Aggiungere una frase ad effetto che riassuma la propria posizione rispetto agli argomenti trattati Riassumere i concetti fondamentali 13/11/2018

Fasi successive Riassumere i compiti assegnati agli spettatori Illustrare brevemente le azioni che si intende intraprendere di persona 13/11/2018