According to the instructions of the Government of the Republic of Belarus, the reporting balance of payments is compiled by the National Bank on the basis of data on the trade balance and other foreign trade flows (services, humanitarian aid, direct investment in commodity form, etc.) formed by the Ministry of Statistics together with the […]
Tag: Payments
Economic operations
Institutional units, interacting with each other, carry out economic transactions among themselves, which are reflected in the SNA. The time of the macroeconomic operation is considered to be the moment of occurrence of the relevant obligations (usually the moment of transfer of ownership is the execution of the order, which may or may not coincide […]
Current Account
Source: Balance of Payments of the National Bank of the Republic of Belarus
STRUCTURE AND FEATURES OF THE FRENCH ECONOMY
Agriculture in France accounts for 2.4% of GDP, industry for 26.5%, and services for 71.1% of GDP. The share of industry in GDP is 11 times greater than the share of agriculture. Industrial products account for about 80% of the value of exports. At the same time, the post-industrial orientation of the economy is obvious. […]
Monetary policy. Objectives and tools
Monetary policy objectives are classified into final and intermediate. Ultimate goals: (a) Economic growth; b) full-time employment; c) price stability; d) stable balance of payments. Intermediate targets: (a) The money supply; b) interest rate; c) exchange rate. Monetary policy instruments include: a) credit limits; direct regulation of the interest rate; b) changes in the rate […]