What is the official settlements account of the balance of payments? How are official settlements deficits and surpluses associated with movements in the international reserves of the balance of payments?
Answer to relevant QuestionsWhat is the meaning of an account labeled “statistical discrepancy” or “errors and omissions”? If this account is a credit, what does that imply about the measurement of other items in the balance of payments?Consider the situation of La Nación, a hypothetical Latin American country. In 2010, La Nación was a net debtor to the rest of the world. Assume that all of La Nación’s foreign debt was dollar denominated, and at the ...Why might it be hard to quantify currency risk in a target zone system or a pegged exchange rate system?What was the Bretton Woods currency system?What is an optimum currency area?
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