Development of the current accounts of the balance

Reference no: EM131402532 , Length: 12

ASSIGNMENT: Business cycle development and development in the balance of payments in Denmark.

The development of the current accounts of the balance of payments is influenced by domestic economic cycles and economic cycles in other countries. In the presence of economic cycles, fiscal policies should be adapted to take into account amongst others the balance of payments and foreign debts.

In this assignment you amongst others have to describe, analyze and comment on the interaction between economic cycles and the development in the balance of payments in Denmark over the most recent years.
The hand-in is required to contain:

1) A short conceptual presentation of the balance of payments including a short conceptual description of the types of transactions above the line and below the line and how these transactions above and below the line depend mutually. Specifically, also explain how this relates to the development of external debt of Denmark to other countries.

2) A short theoretical presentation of the relationship between economic cycles and the development in the balance of payments. Include an explanation of the importance of the competitiveness of a country as measured by the real exchange rate for the balance of payments. Also, explain the relationship between savings, investments, the trade balance and a public deficit or surplus.

3) A quantitative description - through tables and figures - showing the development of the current account in Denmark for the period 2000-2015 including specific types of transactions under the current account based on publicly available data sources (e.g. Statistic Denmark, OECD, IMF or Eurostat).

4) A quantitative description - through tables and figures - of the economic cycle in the period 2000-2015 for Denmark based on publicly available data sources. Also, given Germany is the largest economic neighbor to Denmark, include a quantitative description - through tables and figures - of the economic cycle in the period 2000-2015 for Germany based on publicly available data sources.

5) A discussion of the importance of economic cycles for the development in the current account for Denmark, which must include an analysis of the importance of economic cycles in Denmark and abroad for Danish import and exports.

6) A quantitative description of the development of the external debt of Denmark in the period 2000- 2015.
The hand-in may furthermore comprise:

7) A quantitative description of the development in the exports and imports of Denmark to specific countries or of specific types of goods in the period 2000-2015.

The hand-in must furthermore contain:

8) A conclusion which builds on the answers to 1)-7). This should draw on the concepts of the balance of payments (e.g. the current account and the external debt), the theories discussed as well as the description of the actual data. Also comment on how these findings influence the scope of undertaking different policies.

Attachment:- Balance of payments in Denmark.rar

Reference no: EM131402532

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Reviews

len1402532

2/21/2017 5:59:33 AM

5) if numbers in tables or figures are based on our own calculations, this must be clear from the text associated with the table/figure (possibly in a footnote to the table) explaining how these calculations are undertaken though not necessarily with formulas for the calculations, 6) direct citations from sources must clearly be marked as citations (must be clearly identifiable using in citation signs or without) and must contain precise referencing the source of the citation, 7) using others arguments or such must also be clearly identifiable and with referencing to the source of the argument or such, 8) use EXCEL from Microsoft Office to do calculations and make figures of data to be included in analysis.

len1402532

2/21/2017 5:59:25 AM

Other formal criteria for the assignment: The assignment has to comply to the normal academic criteria. Particularly, be aware of: 1) use precise referencing (see http://www.chicagomanualofstyle.org/tools_citationguide.html) possibly including table numbers, page numbers or others (e.g. in: Torben M. Andersen, Hans Linderoth, Valdemar Smith & Niels Westergård-Nielsen: ”The Danish Economy. An International Perspective”. DJØF Forlag, 2010), 2) all used literature must be included in the reference list, 3) tables and figures must have headings reflecting the content and must be readable independently of the text and remember sources under tables and figures indicating from where data for table/figure is taken, 4) tables and figures must be produce by yourselves and based on publicly available sources (e.g. Statistics Denmark, OECD, Eurostat),

len1402532

2/21/2017 5:59:11 AM

The assignment will be assessed internally with pass/not passed. If the assignment is assessed to be not passed, there will be a special second assignment with a point of departure in the firstly handed-in assignment. This special second assignment will be handed-out in the middle of the month and has to be handed-in within 14 days.

len1402532

2/21/2017 5:59:01 AM

The assignment can be handed in on an individual basis or in groups of no more than three persons. The hand- in cannot exceed 10 standard A4 pages if handed-in individually, 12 standard A4 pages if handed-in by group of two students and 15 standard A4 pages if handed-in by group of three students. These page limitations exclude front pages, content pages, reference list pages and pages with appendix. Use 1.5 line spacing, a font size of 12, 3 centimeters margins to the left, 1.5 centimeters margins at page foot, 2 centimeters margins to the right and in the page heading. If handed-in by a group, each section must indicate, which student has been main responsible for the section such that an individual assessment is possible.

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