Abstract
The balance-of-payments accounts are an integral part of the national income accounts for an open economy. They record (in principle) all transactions between ‘residents’ of the country concerned and those of other countries, where ‘residents’ are broadly interpreted as all individuals, businesses, and governments and their agencies; international organisations are also classified as ‘foreign’ residents for this purpose.
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© 1994 Bo Södersten and Geoffey Reed
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Södersten, B., Reed, G. (1994). The Balance of Payments. In: International Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-15030-4_23
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DOI: https://doi.org/10.1007/978-1-349-15030-4_23
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-76365-0
Online ISBN: 978-1-349-15030-4
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