【正文】 s exports are higher than its imports and hence there is a flow of money into the country. A trade deficit, on the other hand, implies that the country39。Debt Securities 187。Factor ine Unilateral Transfers (one way unrequited payments, .: foreign aid, grants, gifts etc.) – (II) Capital Account 187。Services (invisible trade, .. legal, consulting, royalties, patents etc.) 187。 赤壁 The balance of payments capital account ? The capital account is where all international capital transfers are recorded. ? It is a record of all international transactions for assets including bonds, treasury bills, bank deposits, stocks, currency, real estate, etc. ? Also included are governmentowned assets such as foreign reserves, gold, special drawing rights (SDRs) held with the International Moary Fund, private assets held abroad, and direct foreign investment. Assets owned by foreigners, private and official, are also recorded in the financial account. 資本和金融項目 (capital amp。 2022年 2月 5日，在東京六本木新城 TOHO影城召 開的電影試映會上，參演 《 赤壁 2》 的演員林志玲、金城武，以及導(dǎo) 演吳宇森站上了舞臺。包含五種：一般商品、用于加工的貨物、貨物修理、各種運輸工具在港口購買的貨物、非貨幣黃金。 職工報酬：包括個人在非居民經(jīng)濟體為該經(jīng)濟體居民工作而得到的現(xiàn)金或?qū)嵨镄问降墓べY、薪水和福利 。包含五種：一般商品、用于加工的貨物、貨物修理、各種運輸工具在港口購買的貨物、非貨幣黃金。 宏觀經(jīng)濟學(xué)通過經(jīng)濟總量的分析以期為政府制定宏觀經(jīng)濟政策提供理論依據(jù) 。 這些經(jīng)濟個體或經(jīng)濟單位又通過市場產(chǎn)生相互聯(lián)系 、 相互影響和相互作用 . 。 微觀經(jīng)濟學(xué)闡述經(jīng)濟社會中的經(jīng)濟個體根據(jù)什么和怎樣做出經(jīng)濟決策 ， 例如：消費者怎樣作出購買產(chǎn)品和勞務(wù)的決策；企業(yè)針對消費者需求與收益和成本的比較關(guān)系怎樣作出生產(chǎn)的決策；工人怎樣決定勞動流向與勞動流量等等 。 – It emphasizes four aspects of economic life: ? Unemployment ? Saving ? Trade imbalances ? Money and the price level Microeconomics and Macroeconomics ? The national ine accounts and the balance of payments accounts are essential tools for studying the macroeconomics of open, interdependent economies. ? National ine accounting – Records all the expenditures that contribute to a country’s ine and output ? Balance of payments accounting – Helps us keep track of both changes in a country’s indebtedness to foreigners and the fortunes of its export and importpeting industries why do we need to study ―International finance‖ With few remaining barriers to international trade and financial flows, and with important financial events impacting immediately around the globe, all finance is “international”. Domestic financial markets are closely linked and internationally integrated. 國際金融學(xué)是研究國際間貨幣運動和資本流動的方式、規(guī)律及其影響的學(xué)科 .隨著全球經(jīng)濟一體化趨勢的不斷發(fā)展，我國經(jīng)濟將在更廣和更深的領(lǐng)域和范圍內(nèi)融入到世界經(jīng)濟當中，國際金融學(xué)必將在我國經(jīng)濟的未來發(fā)展中發(fā)揮越來越大的作用。 Services refer to receipts from tourism, transportation (like the levy that must be paid in Egypt when a ship passes through the Suez Canal), engineering, business service fees (from lawyers or management consulting, for example), and royalties from patents and copyrights. 服務(wù)：無形貿(mào)易，記錄服務(wù)的輸出入。 （ 2） Payments Rewards, salary, etc, paid between residents and nonresidents. Unilateral Transfers: measures international transfers, or gifts, among individuals or governments. 單方面轉(zhuǎn)移：記錄了個人和政府間的國際轉(zhuǎn)移或贈送。 ? 服務(wù) – 記錄服務(wù)、觀光旅游和軍需交易的進出口數(shù)量 ? 收入 – 記錄涉外的職工報酬和投資收入 ? 單方面轉(zhuǎn)移 – 記錄個人或政府間的國際轉(zhuǎn)移或贈與 CASE 1 以某同學(xué)出國為例 某同學(xué)出國旅游 乘坐國外航班 （運輸服務(wù)） 在國外購買人身意 外險（保險服務(wù)） 在國外給家人打 電話（通訊服務(wù)） 在國外銀行使用旅 游支票（金融服務(wù)） 在國外上網(wǎng)查找旅 游景點（計算機和 信息服務(wù)） 到某咨詢公司咨詢 出國留學(xué)事宜（咨 詢服務(wù)） CASE 2 討論以下涉及什么服務(wù) 赤壁在日本上映 在日本全國性的報紙朝日、讀賣、每日新聞等彩頁進行連載。 《 赤壁 》 如此壓倒性宣傳的費用有傳言約在 12億日元左右。 financil account) ? 資本項目 – 資本轉(zhuǎn)移 – 非生產(chǎn)、非金融資產(chǎn)的收買 /放棄 ? 金融項目 – 直接投資 – 證券投資 – 其他投資 – 儲備資產(chǎn)變動 儲備資產(chǎn)變動 ? 記錄中央銀行或財政部門等官方政府機構(gòu)的國際交易活動 ? 官方儲備資產(chǎn)包括貨幣性黃金、特別提款權(quán)、在國際貨幣基金的儲備頭寸、外匯儲備等 ? 往往是出于對沖私人部門國際交易影響的目的而發(fā)生，也被稱作平衡項目，制表時單獨列示 錯誤與遺漏項目 (errors amp。Factor Ine (interest, dividend or any other foreign investment ine) Imports 187。Foreign Direct Investment (FDI) 187。Other Investment (transactions in currency, bank deposits, trade credits etc.) 187。s imports exceed its exports and hence there is a flow of money out of the country. ? For a country to have a zero balance of payments, a current account deficit must be balanced by a capital account surplus. The US have been running a negative current account for a long while, which is financed through a positive financial account. The only way to buy more than you sell is to borrow money. ? A country will have a negative balance of payments (., t