Articles
Theoretical Treatment of the Balance of Payments
Abstract
The balance of payments is constructed based on fundamental ideas and concepts to ensure consistent and standardized recording of economic transactions and other changes contained in it. The primary principles are:
1. Dual registration scheme
2. Guidelines for differentiating between resident and non-resident units
3. Transaction assessment
4. Timestamp of transactions recorded in this ledger.
Nevertheless, constraints in information sources often hinder the accurate recording of transactions in terms of timing and value.
How to Cite
Bunajku, M. (2024). Theoretical Treatment of the Balance of Payments. Transnational Academic Journal of Economics, 1(2), 160–183. https://doi.org/10.5281/zenodo.10884175
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