Abstract
Since the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), the IMF has replaced the phrase “an economy or a country and the rest of the world” by “residents of an economy and non-residents”, to reflect the changed realities taken place in the last few decades. Transactions represented by flows of goods, services and capital are presented in the form of double-entry bookkeeping.
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References
International Monetary Fund. (2009). Balance of payments and international investment position manual (BPM6) (6th ed.). Washington, DC: International Monetary Fund.
International Monetary Fund. (2013). Sixth edition of the IMF’s balance of payments and international investment position manual (BPM6) (Last Updated: November 2013). Washington, DC: International Monetary Fund. https://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm
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Wang, P. (2020). Balance of Payments and International Investment Positions. In: The Economics of Foreign Exchange and Global Finance. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-59271-7_4
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DOI: https://doi.org/10.1007/978-3-662-59271-7_4
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