The Balance of Payments Explained

This is very informative

Presumable AI technology and CBDC's will help central banks to have better quality data on which to base their rate decisions?

Great

done.

Great stuff. This channel is like small uni for me.

I don't understand. Why does importing more than you export have to be 'paid for' in some way – for instance, by there being foreign demand for bonds. Are you saying this must be the case if, say, exchange rates were to remain constant, or what?

thank you for pointing out the credit creation part and how that has net zero effect.

Great videos man, keep em up

I really like economy that explains in a basic matter

Nice

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Thanks Jim

I feel like a more comprehensive video on the balance of payments would really hit the spot.

Does the current account balance roughly mean "net exports - net imports" and "net money transfers into the country - net money outflows out of the country"?

Thank you! Great lesson. It would be great a video about target balances

This is a severely underrated channel!

This is a great video, something people need to know. Thanks for posting it...

Your videos are always fantastic!!!
But I have a question, how do the economists get all this information. How do the economists or the gov't know about the 10 million dollar payment for the chip maker? I guess those kinds of big payments are registered, but how about smaller payment. E.g. I send my family in Canada x yen per month.

Nice russian imperial bond on the wall, defaulted I guess)

Watching the video from Eindhoven, love you ASML exemple ;)

Thank you for this. I'm a portfolio manager and you made this very easy to understand

Do US states keep track of current account balances or is it only nations? Why does Germany need to reduce its CA surplus?

But doesn't US trade deficit have something to do with the fact that the world is trading in dollars and someone has to create those dollars (at the very least sum required to cover inflation)?

How does the Black Market affects the balance of payments? Or even those simple transactions that are on cash?

Very informative video.

But I'm most impressed with your sweater ☺️

You professor should do a collab with professor kipping from Cool Worlds

Can you do a video on shadow banking?

Why is the capital account a "mirror image" of the current flow account? With the example of the dollar, I (as a foreigner) might not invest my newly acquired dollars in the US, but I might buy some oil for it in Saudi Arabia (where they gladly take it as a means of payment), and create stuff from it in e.g. Germany. Then the 2 accounts will be different, and not a mirror image of each other. Am I missing something?

If the Netherlands & Germany are exporting to the US in excess each year and investing this excess in the US; then it seems that each year increasingly the Netherlands & Germany become dependant on the economic performance of the US; this seems like an unstable system, does this not have potential adverse consequences? Or perhaps I am understanding wrong? Is the alternative a stronger Euro with less favorable export competitiveness?

Germany brags about an import deficit(=export deficit created by cutting imports) for decades and then complains about it. You simply cannot become an export champion without turning into an import champion at the end. Of course, faced with a Greek crisis Germany still refuses to import Greek products so they just wire the money so they can continue the idiocy.

Imbalanced trade is a sign of future instability because the political decisions that lead to the imbalance will not be repealed once they are no longer useful. The only ones who should be allowed to do that are developing nations that need to kick start their growth through export surpluses. Germany didn't get the memo. It's not a developing country that has to compete on price. Let the Greek export until they get their economy back in order.

Can you talk about MMT ?

Please continue to do more videos like this?!

mind dissecting Turkey's BOP? found that both current and financial accounts are in deficit due to the high trade deficit and dollarization of the economy (ie. capital investments)

Super clear and useful video!

Thank you for this video. It helped me a lot. Cheers from Brazil!