| Sumario: | The Balance of Payments Textbook (the textbook) is the second of two companion documents to the fifth edition of the Balance of Payments manual (the manual), which was published by the International Monetary Fund in 1993. The fifth edition of the Manual addressess the many important changes that have occurred in international transactions, harmonizes (as closely as possible) balance of payments concepts with the revised System of National Accounts 1993 and other IMF statistical methodologies, and covers the important topic of international investment position statistics. The Balance of Payments Compilation Guide, published by the IMF in 1995, offers practical direction for using established and emerging data sources and applying or adapting a variety of methods to compile statistics for the balance of payments and the inernational investment position. Publication of the Balance of Payments Textbook completes the trilogy that provides a comprehensive range of information on the compilation of balance of payments statistics and will, it is hoped, make a significant contribution to the understanding of balance of payments issues.
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