December 2025
Intermediate to advanced
561 pages
27h 17m
English
book
International Financial Management: An Analytical Framework, 2nd Edition by Pearson
by Thummuluri Siddaiah
Content preview from International Financial Management: An Analytical Framework, 2nd Edition by Pearson
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88 INTERNATIONAL FINANCIAL MANAGEMENT
Thus, all commercial transactions (exports and imports of goods and services), private
remittances, and transfers of goods and services from the government of the home country
to foreign governments (such as the sale of military goods to foreign governments and pay-
ment of pensions to persons abroad) constitute the current account of a country.
All exports of goods and services are credited to the current account and all imports of
goods and services are debited to the current account. The interests, dividends, and other
incomes received on assets held abroad are credited to the current account, while the inter-
ests, dividends, and other payments made on foreign assets held in the country are debited
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