Balance of Payments
(1,365 words)

The balance of payments (BOP) is a value table for all economic transactions conducted within a certain period of time (usually one year) between residents and foreigners (flow figures). It is divided into various balance sheets: The current account records the import and export of goods, services, and unilateral transfers. The capital account lists changes in foreign ownership of domestic assets. The reserve account reflects changes in the central bank's stock of foreign assets (gold, foreign e…

Cite this page
Taube, Markus, “Balance of Payments”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 18 November 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018



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