BALANCE OF PAYMENTS YEARBOOK, 1948

The Effects of Devaluation of Irans Balance of Payments

Devaluation has different effects on the structure of trade patterns in countries which have a fixed exchange rate regime. The experience of devaluation in many countries has clearly shown that devaluation policies have not always led to the improvement of their trade pattern structures. Some empirical studies have revealed that after employing devaluation, the real rate of money in some nation...

Mass balance of three Svalbard glaciers reconstructed back to 1948

A simple model using upper-air meteorological variables in the NCEP-NCAR Reanalysis database is used to model seasonal components of mass balance of three glaciers in Svalbard. The model was originally developed for glaciers in North America, and has been applied to glaciers in Norway, Sweden and Iceland. Over the period for which mass balance data are available for the three Svalbard glaciers,...

The Theory of Balance-of-Payments Adjustment: Comment

Evaluating the Impacts of Balance of Payments Variables Shock on Selected Macroeconomic Variables Using FAVAR

International balance of payments is one of the most common criteria for measuring the flow of trade and capital transfers in an open economy. The three main components of this balance are: trade balance, current account (or difference between export and import of goods and services) and capital account. In this study, factor augmented vector autoregressive model (FAVAR) was used to evaluate th...

Balance-of-Payments Constrained Growth: the Case of Turkey

In order to test the existence of Thirlwall’s law for Turkey during the period of 19802008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance-of-payments.