Balance of payments
(1,600 words)

1. Terminology and method

The balance of payments is a measure of the financial and commercial transactions between one country and others; it is an important tool for identifying and assessing global interrelations and interactions. It is subdivided into sub-balances for commodities trade; the services provided by banks, dispatches and payment transactions; and asset transfers and capital flow. In modern national economies, the balance of pay…

Cite this page
Rössner, Philipp Robinson, “Balance of payments”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 18 October 2018 <http://dx.doi.org/10.1163/2352-0272_emho_COM_030642>
First published online: 2015
First print edition: 20160321



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