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The document discusses the foreign payments balance and its importance as a tool for macroeconomic analysis. It provides definitions of key concepts like the foreign payments balance, transactions, residents and non-residents. It also explains the different types of flows that are recorded in the foreign payments balance - real flows involving trade of goods and services, and financial flows involving capital movements and other international financial transactions. Maintaining equilibrium in the foreign pa
- Author
- Constantin Damiean
- Language
- EN