The Balance of Payments

Giancarlo Gandolfo

Chapter 5 in International Finance and Open-Economy Macroeconomics, 2016, pp 67-83 from Springer

Abstract: Abstract Before coming to grips with the adjustment processes of the balance of payments, we must have a clear idea of what a balance of payments is and be able to understand the content of the statistical data presented therein. Furthermore, this chapter elucidates the meaning of balance-of-payments surplus, deficit, equilibrium.

Keywords: Current Account; Foreign Asset; Capital Account; Employee Stock Option; Merchandise Trade (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-49862-0_5

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DOI: 10.1007/978-3-662-49862-0_5

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