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Posted on Oct 02, 2024

3. In a Word file, describe the changes of current, capital, and financial account balances in 2-4 sentences for each country, and summarize your findings.

image text in transcribed 3. In a Word file, describe the changes of current, capital, and financial account balances in 2-4 sentences for each country, and summarize your findings. Is the deficit of current account financed by the surplus of capital and financial accounts for that country? Or is an opposite pattern found in a specific time period? Do you observe the inverse relationship between current and capital/financial account balances for these countries? Do you find any exceptions? The quality of your write-up counts. Please submit your write-up and three graphs (one graph for each country) under Internet Exercise tab on Blackboard.

FRED Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Canada (DISCONTINUED) urrent Account Balance: Total Trade of Goods for Canada (DISCONTINUED) 70.000.000,000 60,000,000,000 50,000,000,000 40,000,000,000 30.000,000,000 20.000,000,000 10,000,000,000 0 -10,000,000,000 -20,000.000,000 -30,000,000,000 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2005 2000 fred.stlouisfed.org Shaded areas indicate U.S. recessions Source: Organization for Economic Co-operation and Development US Dollars, Sum Over Component FRED Total Current Account Balance for Italy (DISCONTIN UED) - Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Italy |(DISCONTINUED) 120,000,000,000 100,000,000,000 80,000,000,000 60,000,000,000 40,000,000,000 20,000,000,000 0 -20,000,000,000 40,000,000,000 -60,000,000,000 -80,000,000,000 1990 1995 2000 2005 2010 2000 2010 Source: Organization for Economic Co-operation and Development FRED Total Current Account Balance for Japan (DISCONTINUED) - Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Japan (DISCONTINUED) 300,000,000,000 200,000,000,000 100,000,000,000 C -100,000,000,000 -200,000,000,000 -300,000,000,000 1990 1995 2000 2005 2010 1999 Source: Organization for Economic Co-operation and Development US Dollars, Sum Over Component Sub-periods FRED Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Canada (DISCONTINUED) urrent Account Balance: Total Trade of Goods for Canada (DISCONTINUED) 70.000.000,000 60,000,000,000 50,000,000,000 40,000,000,000 30.000,000,000 20.000,000,000 10,000,000,000 0 -10,000,000,000 -20,000.000,000 -30,000,000,000 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2005 2000 fred.stlouisfed.org Shaded areas indicate U.S. recessions Source: Organization for Economic Co-operation and Development US Dollars, Sum Over Component FRED Total Current Account Balance for Italy (DISCONTIN UED) - Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Italy |(DISCONTINUED) 120,000,000,000 100,000,000,000 80,000,000,000 60,000,000,000 40,000,000,000 20,000,000,000 0 -20,000,000,000 40,000,000,000 -60,000,000,000 -80,000,000,000 1990 1995 2000 2005 2010 2000 2010 Source: Organization for Economic Co-operation and Development FRED Total Current Account Balance for Japan (DISCONTINUED) - Capital Accounts and Financial Accounts: Total Balance Including Change in Reserve Assets for Japan (DISCONTINUED) 300,000,000,000 200,000,000,000 100,000,000,000 C -100,000,000,000 -200,000,000,000 -300,000,000,000 1990 1995 2000 2005 2010 1999 Source: Organization for Economic Co-operation and Development US Dollars, Sum Over Component Sub-periods