BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Zhuk Iryna (Belarusian State Economic University)
The Balance of Payments Accounting as a Factor for the Macroeconomic Equilibrium Achievement in an Open Economy
Optimum : Economic Studies, 2018, nr 2(92), s. 168-176, rys., bibliogr. s. 175-176
Bilans płatniczy, Równowaga, Gospodarka otwarta, Makroekonomia
Balance of payments, Balance, Open economy, Macroeconomics
JEL Classification: B17, F32, F41
Purpose - To study the concept of the balance of payments (BOP) as the main international financial statement of a nation, to identify the causes and effects of its imbalances and the factors of achieving external equilibrium for a national economy, as well. Methods - The theoretical and methodological research is based on systematic, structural and functional analysis, logical abstraction, induction, deduction, as well as comparative and statistical analysis. Approach - The theoretical justification of the relationship between key figures of the balance of payments and the main macroeconomic identities, the research of the balance of payments regulation tools aimed at achieving its steady state as a precondition for open economy equilibrium. Findings - The rationale for choosing the balance of payments regulation policy based on using some theories aimed at searching for an optimal balance or so-called equilibrium between the development of external and internal factors of the economy Thus, the study has shown that the practical implementation of these theoretical concepts finds its application in various ways of equalizing the balance of payments. The constituent elements of these concepts are the forms of equalization, the level of regulation, the methods and tools of state regulation. (original abstract)
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
Full text
  1. Friedman M., 1953, The case for flexible exchange rates, Chicago Univ., Chicago. Hume D., 1996, Of Trade Balance, Kanon, Moscow.
  2. Johnson H.G., 1972, Further essays in monetary economics, Allen a. Unwin, London.
  3. Johnson H.G., 1977, Money, balance-of-payments theory, and the international monetary problem, Princeton Univ., Princeton.
  4. Jonson H., 1972, Monetary Approach to the Balance of Payments Theory, "Journal of Financial and Quantitative Analysis", No 7.
  5. Keynes J. M., 2008, The General Theory of Employment, Interest and Money, EKSMO-Press, Moscow.
  6. Keynes J. M., 1936, The General Theory of Employment, Interest and Money, Har-court, Brace and Company, New York.
  7. Marshall A., 2007, The Basics of Economics, EKSMO- Press, Moscow.
  8. Meade J., 1951, The balance of payments, Oxford Univ. Press, London; New York.
  9. Petty W., Smith A., Ricardo D., Keynes J. M., Friedman M., 2000, Classics of Economic Thought: Essays, EKSMO-Press, Moscow.
  10. Sohmen E., 1961, Flexible exchange rates: theory and controversy, Univ. of Chicago Press, Chicago.
  11. Zhuk I., 2010, External State Debt: Methodology and Management Strategy, BSEU, Minsk.
Cited by
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu