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Balance of Payments and International Investment Positions

In: The Economics of Foreign Exchange and Global Finance

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  • Peijie Wang

    (Plymouth University)

Abstract

Since the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), the IMF has replaced the phrase “an economy or a country and the rest of the world” by “residents of an economy and non-residents”, to reflect the changed realities taken place in the last few decades. Transactions represented by flows of goods, services and capital are presented in the form of double-entry bookkeeping.

Suggested Citation

  • Peijie Wang, 2020. "Balance of Payments and International Investment Positions," Springer Texts in Business and Economics, in: The Economics of Foreign Exchange and Global Finance, edition 3, chapter 4, pages 71-104, Springer.
  • Handle: RePEc:spr:sptchp:978-3-662-59271-7_4
    DOI: 10.1007/978-3-662-59271-7_4
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