Balance of payments surplus


 

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Balance of payments surplus

A number summarizing the state of a country's international transactions, usually equal to the balance on current account plus the balance on capital account. This equals zero* and is uninformative under the modern definition of the latter, but with official reserve transactions excluded, or omitting also other volatile short-term capital-account transactions, it indicates the stress on a regime of pegged exchange rates.



Similar Matches

Balance of payments argument for protection

Balance of payments argument for protection

A 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 imbalance

Payments imbalance

Imbalance in the balance of payments, normally including both current and capital accounts.


Balance of payments

Balance of payments

1. A list, or accounting, of all of a country's international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; payments out of the country (payments) are entered as negative numbers called debits. 2. A single number summarizing all of a country's international transactions: the balance of payments surplus.


European Payments Union

European Payments Union

An 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 payments adjustment mechanism

Balance of payments adjustment mechanism

Any process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism.


Further Suggestions

Periodic payments
Lag response of prepayments
Clearing House Interbank Payments System (CHIPS)
Payments pattern
Prepayments
Balance of payments deficit
Payments netting
transfer payments
Transfer payments
maintenance payments
Interest payments
Installment payments
Balance of payments equilibrium
Balance of payments
Clearing House Automated Payments System (CHAPS)
Progress payments
balance of payments


 
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