Disscusion:
Evaluate the importance of balance of payments. Propose the utility of examining the balance-of-payments data for a prospective country? 200 words
Question 1
Critique and assess the gold standard and its role in regard to monetary policy and the international monetary system.
Question 2
Propose the connection between the balance of payments framework and exchange rates.
Question 3
Propose the importance of the financial account (from the BOP) to economic indicators.
Question 4
Propose the similarities and differences of the current account and financial account in the balance of payments structure. In doing so, apply your analysis to explain the trade balance between the U.S. and China.