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This article discusses the impact of oil imports on the Pakistani balance of payments. In Pakistan, each year approximately 5 billion dollars worth of oil is imported due to its heavy consumption, which has a large impact on their balance of payments. Their large number of imports gives them a negative balance of payments and therefore slow down economic growth and impacts other parts of the economy. In the article it is suggested that the Pakistani use domestic coal for power production rather than importing as much oil, which could half the amount of money spent on oil imports therefore reforming their balance of payments.

The recent fall in oil prices, largely due to America's newfound dominance in the market, will cause Russia to experience a balance of payments deficit, according to this article from the Guardian. This is based on Russia's overestimate of the forecast for the global oil price and can be said to be an example of how global prices often influence balance of payments for countries, especially when it concerns national resources.

This article talks about the balance of payments in India. The trade deficit rose which caused an increase in foreign exchange reserves.

This article is about the balance of payment in India. It has narrowed, but still a surplus remains for the fourth year in a row

Zambia in recent times has been able to maintain a favourable balance of payments within the second quarter of 2014

This article is about the balance of payments for India in Q2 2014-15

The article discuses how the balance of payments in the united kingdom worsened. The article claims that the economic recovery the united kingdom is in doubt because its balance of payments is deteriorating.

The UK is currently having an extreme deficit in their balance of payments. They have a £70 billion deficit in their current balance of payments. This has been strongly appearing since the beginning of the 2000s. Even now when they're in recovery their balance of payments is still very negative. The UK haven't had a surplus since 1997, this brings up the facts that the UK is the bigger country with a deficit in Europe.Although they're slowly increasing their trade this urges the matter of: how can the UK come out of this deficit in time before there are any severe consequences onto the population of the UK and the world?

India, the world's second-largest gold-consuming country, is battling a balance of payments crisis as the gold import industry grew exponentially in a short amount of time. Though the spike in the import numbers is clear, no clear action has been taken yet; policymakers, however, agree that restrictions must be placed on private trading houses. Private jewelry exporters are the main customers and account for a massive number of the bulk for the demand of gold. "India sharply restricted gold imports in early 2013 as the country battled a balance of payments crisis triggered by the U.S. Federal Reserve's announcement that it would start to ease its programme of quantitative easing. But it eased some of the measures after India's current account deficit fell sharply from the record high of 4.8 percent of gross domestic product in the fiscal year ended in March 2013 to 1.7 percent in the quarter ending in June."

The article talks about how Britain is facing a deficit balance of payments. The state of the world's economy means that exports are not bringing in the country as much money as is needed, and British firms' earnings abroad are not a lot either. As a result, Britain is facing a problem, which can be solved by trying to incentivise exports (as the article discusses).

This article details how competition in the shipbuilding market is promoting firms to strive to be both market and energy efficient. The article relates to the economic concepts of market efficiency and theories of competition and monopoly. It also briefly relates to the concepts of externalities of production too, discussing measures imposed by governments like fuel sulphur limits.

This is an article on how Russia's central bank will address the sharp oil price drop. This article relates to what we are doing because it talks about the strategy of the Russian central bank. the central bank is a key tool for the monetary policy, which we are covering right now. Also this article briefly mentioned balance of payments, and the negative consequences of the bank failing to address this issue. It was a very interesting read.

This article is about one of the less mainstream currencies that exist: Bitcoin. This is an online currency that has genuine potential, but, as the article explains, one of the biggest obstacles to mainstream adoption for bitcoin is its price volatility. The unpredictable price volatility means that for the vast majority of people, the currency is impossible to use as it would be too risky. The payments that ARE made with Bitcoin are immediately converted into real currencies, defeating the point of Bitcoin.

Great article. Really informative. I actually didn't know about the Bitcoin, but this is very insightful.