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Topic 15: Balance of Payment

Introduction

Balance of payments describes the external stability of the real economy, the financial point of view, and is part of the system of national accounts. The balance of payments consists of current, capital and financial account. A statistical scheme that records economic transactions to bringing together, in a given period of time, between residents and non-residents of an economy, are defined such relationships that determine the economic change of ownership of an asset or a financial asset, the provision of a service. Transactions recorded in the balance of payments, therefore, have as ...