Balance of Payments

Official Financing
The official element in the balance of payments used to address discrepancies in a country’s current and capital account balances.
Pink Book
UK Balance of Payments, an annual publication detailing the country's external economic affairs.
Balance of Payments
An overview of the balance of payments, detailing its components, significance, and associated analytical frameworks.
Balance-of-Payments Crisis
An in-depth exploration of balance-of-payments crisis, its causes, remedies, and implications in various economic frameworks.
BP Curve
A curve depicting balance of payments equilibrium in the IS–LM model.
Capital Account
A record of transactions which do not involve income or expenditure, but change the form in which assets are held
Current Account
A comprehensive overview of the economics term 'current account,' including its definition, historical context, and analytical frameworks.
Current Account Deficit
Understanding the concept of current account deficit in a country's balance of payments
Current Account Surplus
An excess of receipts over expenditure on the current account in a country’s balance of payments.
Fundamental Disequilibrium
The condition of the balance of payments under which the original rules of the International Monetary Fund (IMF) allowed countries to devalue their currencies.
Hot Money - Definition and Meaning
Money in bank balances or liquid securities which is liable to rapid removal to other countries if the holders suspect that the currency will depreciate.
Import Surcharge
A temporary additional tax on imports imposed to address balance-of-payments problems.
Mercantilism
An economic theory popular in the 16th to 18th centuries that viewed a nation’s supply of capital as the determinant of welfare.
Merchandise Account
The part of the balance-of-payments accounts referring to visible trade, or merchandise imports and exports.
North Sea Oil
Oil produced in the North Sea, its impact on UK production, and economic implications.
Oil Crisis
A situation in which there is a sudden fall in the availability and/or a large increase in the price of oil.
Petro-dollars
Economic surpluses from oil-exporting countries invested abroad in US dollar-denominated securities.
Realignment of Exchange Rates
A detailed examination of the realignment of exchange rates, including its historical application and impact within economic systems.
Rules of the Game
A comprehensive overview of the historical and economic significance of the 'Rules of the Game' under the gold standard.
Sterilization
The method by which a central bank prevents balance-of-payments surpluses or deficits from affecting the domestic money supply.
Under-Valued Currency
A detailed exploration of the concept of an under-valued currency, its consequences, causes, and related economic aspects.