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Title |
Balance of Payments
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Author |
Herbert Stein |
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Category
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International Economics
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Type |
Article |
Description |
The balance of payments accounts of a country record the payments and receipts of the residents of the country in their transactions with residents of other countries. This article examines this and debunks the general misconception that the existence of a current account deficit is a sign of bad economic conditions. |
URL |
http://www.econlib.org/library/Enc/BalanceofPayments.html |
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Copyright © 2006 Experimental Economics Center. All rights reserved.
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