International Financial Crises. Current Account: Net income earned overseas through trade, interest, dividends, profits, wages or gifts. (NFI +NX) Bureau.
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Presentation on theme: "International Financial Crises. Current Account: Net income earned overseas through trade, interest, dividends, profits, wages or gifts. (NFI +NX) Bureau."— Presentation transcript:
East Asian Crisis IMF World Economic Outlook Database
Private Savings: Disposable Income less Consumption. Public Savings: Budget Balance If Savings is insufficient to finance investment, funds must be made up from global sources. Capital Outflows = Domestic Savings – Domestic Investment
Capital account 39 Capital account transactions, net -152 Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-)) -1005182 41 U.S. official reserve assets-1834 46 U.S. government assets, other than official reserve assets7540 50 U.S. private assets-1010888 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+)) 1245736 56 Foreign official assets in the United States349754 63 Other foreign assets in the United States895982 70 Financial derivatives, net 13735
Current account and capital account Public Savings GNI + Transfers -Household Consumption –Taxes Private Savings Taxes - Government Consumption-Transfers Savings – GCF GNI – Consumption – GCF NFI+GDP – Consumption – GCF NFI + NX