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Balance of payments deficit |
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Balance of payments deficitA negative balance of payments surplus.Similar MatchesEuropean Payments UnionEuropean Payments UnionAn international arrangement for settling payments among member countries in Europe during a period in which many of the countries' currencies were not convertible. The EPU functioned from 1950 to 1958, after which it was replaced by the EMA. Balance of paymentsBalance of paymentsA 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. Transfer paymentsTransfer paymentsPayments from a government to its citizens, such as welfare and other government benefits. Balance of payments argument for protectionBalance of payments argument for protectionA common reason for restricting imports, especially under fixed exchange rates, when a country is losing international reserves due to a trade deficit. It can be argued that this is a second best argument, since a devaluation could solve the problem without distorting the economy and therefore at smaller economic cost. Payments nettingPayments nettingReducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together). Further SuggestionsPrepaymentsInstallment payments Balance of payments equilibrium Clearing House Interbank Payments System (CHIPS) Periodic payments transfer payments Interest payments Clearing House Automated Payments System (CHAPS) Lag response of prepayments Payments pattern Balance of payments adjustment mechanism balance of payments Payments imbalance Balance of payments surplus Balance of payments maintenance payments Progress payments |
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