The analysis of the interconnections between the indicators of the external payment balance and the macroeconomic aggregates of results

Abstract

The payment balance (BP) may be defined, generally, as a statistic image of the international economic transactions between resident and non-resident agents of a country. These transactions are considered during one period of time (year, trimester, month). In spite of its denomination, BP concerns not only the usual payments, but all transactions, even if a part of them does not comprise the cash payments.

Keywords

• analysis
• components
• capital
• Payment balance
• reserve