Determinants of the BP BP = exports - imports + net capital flows. exports = f (exch rate, competitiveness, world income)
{"Image DocumentName": "Determinants of the BPBP = exports - imports + net capital flows. exports = f (exch rate, competitiveness, world income)", "Image ImageDescription": "imports = f (exch rate, competitiveness, income) net capital flows = f (r / world r, country risk) Model: BP = f ( e, w/w , y , y, r/r ) e = exchange rate (\u00a3/ ) w = real wage; w  = world real wage. y = income y  = world income. r = interest rate r  = world interest rate.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}