Causes of disequilibrium in Balance of Payments, Steps to improve Balance of Payments position over the long term
Sub Category
- Other Teaching & Academics
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Objectives
- What is meant by Balanced, Surplus and Deficit Balance of Payments?
- What are the various causes of disequilibrium in Balance of Payments?
- What steps can be taken by a country to improve its balance of payments position over the long term?
- What is meant by Autonomous Transactions in Balance of Payments?
- What is the role of Accommodating Transactions in Balance of Payments?
Pre Requisites
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
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