Finance

Window 96470.9 41835.1 21686.1 26264.7 21816.3 263929 149 206.2 rani 167907 private (net) 166892 of which tentance of 17077.4 eytin werking abroad official (net) 101.5 balance of cerent account 19831.1 capital and finincial account 21176.7 capital account 141.4 finicial account 21318.1 direct investment abroad -1642 direct inwestmen, in evet 16932.6 mnet Portafolio investment abroad |192.1 portofolio, investment in 1286.8 -14394 31015.1 113.3 -59623 21996.5 -150.7 31128.4 2147.2 271.2 175.1 7932.8 77195 208.4 20.8 15985.3 12094.8 of which bonds -1444,8 $491.5 $293.2 other investment net 15644.4 7177 9699.2 5156.8 2624.9 10278.8 6738.5 7641.1 8846.4 -2107.9 24843 met borrowing 7102.7 peduim, and long term loans -156.3 523.4 repayments -2709.7 medim and long term suppliers credit 15053 1560.7 Fepayments 55.4 2795.1 1118.5 1912.2 -117.1 1313,6 -195.1 ST suppliers credit (net) 783.7 117473 421.6 kn 2 3476.9 12095.7 275 CBE 104.4 4511.9 116.4 2161.7 Banks 12092.1 esther 5464.6 9462.5 2605.7 95735 -65572 other liabilities 12015.6 CBE 5857.7 8128.6 Banks 61609 14449 3142 38792 737.2 3246.5 12787.7 met errors & omissions -2903.9 4158.6 2813 overall balance 13717.2 change in CBE reserve assets 2813 increase 13717.2 12787.7 Question: Based on the discussion we had in class about the Egyptian BOP, and the Egyptian BOP data given above, analyze and explain carefully how the Egyptian Pound (EGP) foreign exchange rate influences (and maybe is influenced by too!) the sub-accounts of the balance of payments. Based on your answer identify the possible "J-curve adjustment path" for the Egyptian economy. Illustrate how the J-curve notion relates to Marshall-Lemer Condition" He Egyptian Balace of Payments (USD million) b015/16 2016/17 372748 2017/18 37276 125827 b17252 38683.1 19704.6 56743 130303 -57387.7 65895 8773 (15138.7 -59003 17054 63103 9293.6 120155 12489.8 48094.1 46987.5 trade balance export proceeds petrolume exports other experts import payment petrolume imports other imports service balance receipts transportation lof which sue canal dues travel tourism revenues government receipt others -1506132 111224 6533 160793 56142 15400.1 7911.2 1486.9 95346 51216 37675 378 49453 4379.7 776.4 87079 $706.7 98043 636.7 2399 2 9546.3 11339.1 payment transportation 332.8 97859 1332.1 2338 103645 14802 4091 2451.5 7399 1124.1 government expenditures others vestment income balance 777.1 13339.1 1493.5 49393 +589.8 45685 -6279.6 979 vestment income receipts 969 nement income payments 365.6 of which interest paid 52 335.4 1115 50664 12319 1616 Window 96470.9 41835.1 21686.1 26264.7 21816.3 263929 149 206.2 rani 167907 private (net) 166892 of which tentance of 17077.4 eytin werking abroad official (net) 101.5 balance of cerent account 19831.1 capital and finincial account 21176.7 capital account 141.4 finicial account 21318.1 direct investment abroad -1642 direct inwestmen, in evet 16932.6 mnet Portafolio investment abroad |192.1 portofolio, investment in 1286.8 -14394 31015.1 113.3 -59623 21996.5 -150.7 31128.4 2147.2 271.2 175.1 7932.8 77195 208.4 20.8 15985.3 12094.8 of which bonds -1444,8 $491.5 $293.2 other investment net 15644.4 7177 9699.2 5156.8 2624.9 10278.8 6738.5 7641.1 8846.4 -2107.9 24843 met borrowing 7102.7 peduim, and long term loans -156.3 523.4 repayments -2709.7 medim and long term suppliers credit 15053 1560.7 Fepayments 55.4 2795.1 1118.5 1912.2 -117.1 1313,6 -195.1 ST suppliers credit (net) 783.7 117473 421.6 kn 2 3476.9 12095.7 275 CBE 104.4 4511.9 116.4 2161.7 Banks 12092.1 esther 5464.6 9462.5 2605.7 95735 -65572 other liabilities 12015.6 CBE 5857.7 8128.6 Banks 61609 14449 3142 38792 737.2 3246.5 12787.7 met errors & omissions -2903.9 4158.6 2813 overall balance 13717.2 change in CBE reserve assets 2813 increase 13717.2 12787.7 Question: Based on the discussion we had in class about the Egyptian BOP, and the Egyptian BOP data given above, analyze and explain carefully how the Egyptian Pound (EGP) foreign exchange rate influences (and maybe is influenced by too!) the sub-accounts of the balance of payments. Based on your answer identify the possible "J-curve adjustment path" for the Egyptian economy. Illustrate how the J-curve notion relates to Marshall-Lemer Condition" He Egyptian Balace of Payments (USD million) b015/16 2016/17 372748 2017/18 37276 125827 b17252 38683.1 19704.6 56743 130303 -57387.7 65895 8773 (15138.7 -59003 17054 63103 9293.6 120155 12489.8 48094.1 46987.5 trade balance export proceeds petrolume exports other experts import payment petrolume imports other imports service balance receipts transportation lof which sue canal dues travel tourism revenues government receipt others -1506132 111224 6533 160793 56142 15400.1 7911.2 1486.9 95346 51216 37675 378 49453 4379.7 776.4 87079 $706.7 98043 636.7 2399 2 9546.3 11339.1 payment transportation 332.8 97859 1332.1 2338 103645 14802 4091 2451.5 7399 1124.1 government expenditures others vestment income balance 777.1 13339.1 1493.5 49393 +589.8 45685 -6279.6 979 vestment income receipts 969 nement income payments 365.6 of which interest paid 52 335.4 1115 50664 12319 1616