Exchange Rates and the Balance of Payments
70 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Mr Christopher
Scoop.it!

Egypt allows its currency to float freely - BBC News

Egypt allows its currency to float freely - BBC News | Exchange Rates and the Balance of Payments | Scoop.it
Egypt is floating its currency in a move that has reduced its value by almost 50% against the dollar.
Mr Christopher's insight:
From managed to floating. Why?
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

The danger of Germany's current account surpluses: Results of CFM and CEPR Survey | VOX, CEPR’s Policy Portal

The danger of Germany's current account surpluses: Results of CFM and CEPR Survey | VOX, CEPR’s Policy Portal | Exchange Rates and the Balance of Payments | Scoop.it
Germany posted a record-high current account surplus of 8.5% of GDP in 2015; indeed, the German surplus has overtaken China’s surplus as the largest in the world. Germany’s current account was slightly in deficit when the euro was created in the late 1990s, it steadily increased in the early 2000s and has continued to rise since the Global Crisis of 2008. Since 2010, the increase in the current account has been accompanied by fiscal surpluses, with the German government moving from a deficit of 4% of GDP in 2010 to a surplus of 1.2% in the first half of 2016.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Less than one euro to the pound at many UK airports - BBC News

Less than one euro to the pound at many UK airports - BBC News | Exchange Rates and the Balance of Payments | Scoop.it
Many travellers buying foreign currency at some of the UK's airports are now receiving less than one euro to the pound.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

The crash in the pound punctures the delusion that Brexit Britain will flourish | Aditya Chakrabortty

The crash in the pound punctures the delusion that Brexit Britain will flourish | Aditya Chakrabortty | Exchange Rates and the Balance of Payments | Scoop.it
There’ll be no boom outside the EU. With a paltry manufacturing industry, we can’t pay our way. And it will be the poorest who suffer most
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Why the UK's current account deficit has economists spooked

Why the UK's current account deficit has economists spooked | Exchange Rates and the Balance of Payments | Scoop.it
Mr Christopher's insight:
Easy to read analysis of why CA deficit is a problem
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Calculating Prices in different Currencies using Exchange Rates

If you know the exchange rates of two currencies, you can calculate the prices of goods in one country in another country's currency. This lesson walks you t...
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

If Britain’s 'other deficit' doesn’t worry policymakers, it certainly should - Telegraph

If Britain’s 'other deficit' doesn’t worry policymakers, it certainly should - Telegraph | Exchange Rates and the Balance of Payments | Scoop.it
The UK's current account deficit is the largest in the developed world, with
growing worries about how it is financed
Mr Christopher's insight:

Put simply, Britain is living well beyond its means, as indeed it has for a long time now.

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

CBI tells chancellor: do more to boost trade and rebalance economy

CBI tells chancellor: do more to boost trade and rebalance economy | Exchange Rates and the Balance of Payments | Scoop.it
Before George Osborne's budget, business lobby group says UK remains too dependent on consumer demand
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

UK lives too high on the hog (again)

UK lives too high on the hog (again) | Exchange Rates and the Balance of Payments | Scoop.it
How worried should we be by the UK's record current account deficit, our inability to pay our way in the world?
Mr Christopher's insight:

Great for downsides of a current account deficit

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

MAP: Every Country's Highest-Valued Export

MAP: Every Country's Highest-Valued Export | Exchange Rates and the Balance of Payments | Scoop.it
Australia makes the most money from coal.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

US and China in currency war

US and China in currency war | Exchange Rates and the Balance of Payments | Scoop.it

 As global economies struggle to emerge from the credit crunch, Stephanie Flanders explains the so-called 'currency wars'.

Mr Christopher's insight:

Bit old this video explanation but still quite useful

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

UK for sale: Uniquely in the world, Britain has sold more than half its companies to foreigners. And we are all paying the price

UK for sale: Uniquely in the world, Britain has sold more than half its companies to foreigners. And we are all paying the price | Exchange Rates and the Balance of Payments | Scoop.it
ALEX BRUMMER: For the past three decades, the UK has had a completely relaxed attitude about selling off its assets to companies based abroad.
Mr Christopher's insight:

Can you link this to the balance of payments?

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Eurostar Sees Christmas Rush to London as Pound Lures Parisians

Eurostar Sees Christmas Rush to London as Pound Lures Parisians | Exchange Rates and the Balance of Payments | Scoop.it
Eurostar International Ltd. said the pound’s decline against the euro following Britain’s vote to quit the European Union is stimulating tourist travel to the U.K. and helping to offset a decline in demand for visits to Paris and Brussels following terrorist attacks there.
Mr Christopher's insight:
There's winners and losers here.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Bitesize: Mapping the UK’s trade

Bitesize: Mapping the UK’s trade | Exchange Rates and the Balance of Payments | Scoop.it
Jonathan Fullwood. With trade negotiations apparently looming, one may wonder with whom the UK trades most. Given the geospatial aspect of the data, perhaps a map may help. Even better, how about a cartogram? Cartograms can be formed by distorting a map so that the areas of countries correspond to the relative values of some…
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

British shoppers told to expect price rises after steep fall in pound

British shoppers told to expect price rises after steep fall in pound | Exchange Rates and the Balance of Payments | Scoop.it
Former Sainsbury’s boss Justin King says retailers will need to pass on to UK consumers the cost of importing goods
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Devaluation is a dangerous game. But Britain may have to try it

Devaluation is a dangerous game. But Britain may have to try it | Exchange Rates and the Balance of Payments | Scoop.it
Our balance of payments situation is so poor that a 10% weakening in sterling would be no bad thing – if there were not such a risk of things getting out of hand
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

More buyers wanted

More buyers wanted | Exchange Rates and the Balance of Payments | Scoop.it
Exports continue to disappoint, even in sectors where Britain should do well
Mr Christopher's insight:

What's wrong with UK exports?

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

What does China own in the UK? - BBC News

What does China own in the UK? - BBC News | Exchange Rates and the Balance of Payments | Scoop.it
The UK is one of China's favourite global destinations for investment, but where exactly is all this money going?
Mr Christopher's insight:

If there's a deficit on the current, there has to be a surplus on the capital account and guess what happens to all those export dollars?

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Global Trade graphic

Global Trade graphic | Exchange Rates and the Balance of Payments | Scoop.it
Below is a very informative graphic from The Economist outlining global trade. Interesting to note the dependence on trade of Singapore and Hong Kong. They make the point that the number of regiona...
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

The Trade Deficit Doesn't Cause Unemployment

The Trade Deficit Doesn't Cause Unemployment | Exchange Rates and the Balance of Payments | Scoop.it
Dean Baker has been rather taken out behind the woodshed and given a good spanking by several economists. The point at issue here is whether the trade deficit causes unemployment or not. And the answer is that it doesn't. Trade doesn't have any effect upon employment or unemployment in general [...]
Mr Christopher's insight:

Evaluation

more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Explicit cookie consent

The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

The Return of Currency Wars

The Return of Currency Wars | Exchange Rates and the Balance of Payments | Scoop.it
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The cause of the latest currency turmoil is clear: In an environment of public and private deleveraging, monetary policy has become the only available tool to boost demand.
more...
No comment yet.
Scooped by Mr Christopher
Scoop.it!

Impact of a rising £

Impact of a rising £ | Exchange Rates and the Balance of Payments | Scoop.it
Last autumn all the talk was of the impact of a plunging sterling exchange rate and the UK’s struggle to find new export markets. According to most observers it was time to ‘rebalance’ the economy towards a more export-lead model of growth. George Osborne, the chancellor of the exchequer, talked of “a Britain.
more...
No comment yet.