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NEW APPROACH TO INTERACTION BETWEEN THE BALANCE OF PAYMENTS AND THE EXCHANGE RATE IN THE UNITED STATES
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NEW APPROACH TO INTERACTION BETWEEN THE BALANCE OF PAYMENTS AND THE EXCHANGE RATE IN THE UNITED STATES
Annotation
PII
S268667300000572-9-1
Publication type
Article
Status
Published
Authors
Mikhail Portnoy 
ORCID: 0000-0002-8204-7771
Edition
Issue 6 (570)
Pages
41-56
Abstract
Actual problems of U.S. balance of payments are discussed in the article. One of such problems is the way of estimating and balancing current and capital accounts. In the case of U.S. the trade and current accounts deficits do not mean that the economy is in trouble. On the contrary these deficits are an result of U.S. position in world economy as the biggest and most developed market. Working for this market provides for U.S. partners possibilities to get income and move to the progress. At the same time the United States acts in the world economy as the biggest and highly sophisticated financial market which is able to accept and distribute huge financial resources. Thus an international move of capital in the U.S. balance of payments was transformed from balancing into simultaneous process depending on various events in national and world economy. It means a necessity of a new approach to dividing the U.S. balance of payments on main and balancing accounts. In modern conditions both accounts – current and capital – are balancing each other by moves of the exchange rate of the dollar.
Keywords
balance of payments, United States, current accounts, international capital motion, deficits, world economic leader, world financial center
Date of publication
09.06.2017
Number of purchasers
4
Views
1106
Readers community rating
0.0 (0 votes)
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