Theoretical Treatment of the Balance of Payments

Muharrem Bunajku

doi:10.5281/zenodo.10884175

Authors

Muharrem Bunajku AAB College St. Elez Berisha, No. 56 Zona Industriale Fushë Kosovë 10000 Pristina Republic of Kosovo

DOI:

https://doi.org/10.5281/zenodo.10884175

Keywords:

payments 1; economic 2; transactions 3

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.

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