Current Account Deficits (Balance of Payments) I A Level and IB Economics

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Good explanation but can you please explain that towards the end of the video you mentioned that if country’s are not able to attract the required financial inflows to cover the deficit on current account then they may run into a BOP crises, i did not understand this part and what exactly is a bop crises and why will it occur??? Please reply i have an exam and i am relying on your videos

It was very nice explanation! Thank you for sharing.

I thought a current account deficit always means a capital account and financial account surplus

Hello is depreciation caused by a current account defecit needed for AS LEVEL ECONOMICS FOR AQA ?

UK CAD deficit is predominantly foreigners owning pound sterling balances

UK has low productivity and has low R&D investment

What IS a current account deficit

I was looking for a crash course about balance of payment deficits and its significance. I am not an economics major. I am reading Michael Hudson and I needed some clarification on this subject. I did watch 3 videos before landing here. This was the best so far. Thanks.