deficit in the balance of payments
1Monetary Approach to The Balance of Payments — refers to the key ideas and subsequent research of David Hume conducted in the late 1950s, the 1960s and early 1970s. David Hume presented the price–specie flow mechanism against the Mercantilist approach that stated favorable balance of trade is …
2balance of payments — the difference between a nation s total payments to foreign countries, including movements of capital and gold, investments, tourist spending, etc., and its total receipts from foreign countries. [1835 45] * * * Systematic record of all economic… …
3balance of payments current account — ➔ account1 * * * balance of payments current account UK US noun [singular] (also external account) ► ECONOMICS a record of the movement of money into and out of a country from trade in goods and services: »The Reserve Bank Governor is reported to …
4balance of payments — The accounts setting out a country s transactions with the outside world. They are divided into various sub accounts, notably the current account and the capital account. The former includes the trade account, which records the balance of imports …
5Balance of payments — In economics, the balance of payments, (or BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time period …
6Balance of payments accounts of Japan (1960–90) — In its balance of payments accounts, Japan has traditionally run a deficit in services. Trade in services includes transportation (freight and passenger fares), insurance, travel expenditures, royalties, licensing fees, and income from… …
7balance of payments — Spain s balance of payments shows the usual cycle of oscillations between surplus years and deficit years. From the early 1960s to the early 1970s there was generally a surplus. But Spain s dependence on imported oil changed the situation… …
8Balance of payments — A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year. The New York Times Financial… …
9balance of payments — A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year. Bloomberg Financial… …
10balance of payments — balances of payments N COUNT: usu sing A country s balance of payments is the difference, over a period of time, between the payments it makes to other countries for imports and the payments it receives from other countries for exports. Britain s …
