Search: balance of payments
RBA Glossary definition for balance of payments
balance of payments – A summary of the economic transactions between residents of one country and residents of other countries.
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Appendix: Derivation of Continuous Time Constraints
1 Jul 1986
RDP
8610
Given these relationships, the balance of payments equilibrium condition for the home country is,. ... which is the stochastic differential equation representing balance of payments equilibrium for the home country.
https://www.rba.gov.au/publications/rdp/1986/8610/appendix.html
The Model
1 Jul 1986
RDP
8610
Such an equilibrium condition may be obtained by imposing balance of payments equilibrium. ... Then the stochastic differential equation representing balance of payments equilibrium for the home country is,.
https://www.rba.gov.au/publications/rdp/1986/8610/model.html
The General Case
1 Jul 1986
RDP
8610
1. dz. 1. term in the balance of payments constraint is simply the sum of those on σ. ... The above analysis then implies that the only solution to the stochastic part of the balance of payments constraints is that one of the σdz's is a linear
https://www.rba.gov.au/publications/rdp/1986/8610/general-case.html
Example: Many Assets
1 Jul 1986
RDP
8610
The balance of payments equilibrium condition, equation (9), may be rewritten as,. ... Therefore, the only solution to the stochastic part of the balance of payments constraint (equation (25)) is that one of the σdz terms is a linear combination of the
https://www.rba.gov.au/publications/rdp/1986/8610/example-many-assets.html
Concluding Observations
1 Jul 1986
RDP
8610
This merely adds additional terms to the constraints in the expression for the noise terms of the balance of payments. ... to vary stochastically means that the asset shares are not constant and equation (24) does not represent balance of payments
https://www.rba.gov.au/publications/rdp/1986/8610/concluding-observations.html
Introduction
1 Jul 1986
RDP
8610
The central contribution of this paper is the explicit inclusion of equilibrium conditions for foreign exchange markets (balance of payments equilibrium). ... The assumption of geometric Brownian motion for exchange rates is inconsistent with the
https://www.rba.gov.au/publications/rdp/1986/8610/introduction.html
Example: Two Risky Assets
1 Jul 1986
RDP
8610
from the model presented in Section 2 and,. Equilibrium in the asset markets is again defined by equation (12), and the balance of payments equilibrium condition by equation (13).
https://www.rba.gov.au/publications/rdp/1986/8610/example-two-risky-assets.html
Example: Two Real Riskless Assets
1 Jul 1986
RDP
8610
The balance of payments equilibrium condition, equation (9), may be rewritten as,. ... Therefore, the only solution to (the stochastic part of) the balance of payments constraint (equation (14)) is that σ.
https://www.rba.gov.au/publications/rdp/1986/8610/example-two-real-riskless-assets.html