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Definition of Balance of international payments
1. Noun. A system of recording all of a country's economic transactions with the rest of the world over a period of one year. "A favorable balance of payments exists when more payments are coming in than going out"
Generic synonyms: Accounting
Terms within: Capital Account, Current Account
Lexicographical Neighbors of Balance Of International Payments
Literary usage of Balance of international payments
Below you will find example usage of this term as found in modern and/or classical literature:
1. International Direct Investment Statistics Yearbook 1991-2002by OECD Staff, Organisation for Economic Co-operation and Development Directorate for Financial, Fiscal and Enterprise Affairs, Statistical Office of the European Communities, SourceOECD (Online by OECD Staff, Organisation for Economic Co-operation and Development Directorate for Financial, Fiscal and Enterprise Affairs, Statistical Office of the European Communities, SourceOECD (Online service), Organisation for Economic Co-operation and Develop (2004)
"... Canada's Balance of International Payments, while data on stock are from the
annual publication, Canada's International Investment Position. ..."
2. Re-Establishing Agriculture As a Priority for Development Policy in Sub by Awudu Abdulai, Christopher L. Delgado (1995)
"In particular, the real exchange rate between traded and nontraded goods must
adjust to maintain the balance of international payments, inclusive of ..."
3. British Labor Conditions and Legislation During the War by Matthew Brown Hammond (1919)
"... between countries, 11-12; balance of international payments in favor of France,
35; Prance a creditor nation, 133; trade balance adverse to France. ..."
4. Economic History of the United States by Thurman William Van Metre (1921)
"The outflow of gold was bound to continue as long as the balance of international
payments ran against the United States. And even if conditions of trade ..."
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