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Erschienen in:
2015 | OriginalPaper | Buchkapitel
Digression on balance of payments accounting identities
verfasst von : Angélique Herzberg
Erschienen in: Sustainability of External Imbalances
Verlag: Springer Fachmedien Wiesbaden
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The balance of payments records all economic transactions between residents and non-residents during a specific period of time. In the balance of payments statistics, an economy’s current account is decomposed into international flows associated with transactions in goods and services, net factor income—also called primary income—and unilateral current transfers—also called secondary income (IMF, 2008, p. 13).