The Balance of International Payments of the United States in ...

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U.S. Government Printing Office, 1938 - Balance of payments

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Page 1 - the balance of payments of a country consists of the payments made, within a stated period of time, between residents of that country and residents of foreign countries. It may be defined in a statistical sense as an itemized account of transactions involving receipts from foreigners, on the one hand, and payments to foreigners, on the other. Since the former relate to the international income of a country, they are called 'credits,' and, since the latter relate to international outgo, they are labeled...
Page 1 - This procedure relates directly to one of the basic purposes of the balance-of-payments schedules, which are designed to show the sources of the supply of foreign currencies, or of foreign exchange, arising out of claims against foreigners and the nature of the demand for foreign currencies from persons with payments to make abroad. Conversely, the balance of payments of the United States indicates the sources of the supply of dollars, or of dollar exchange, arising out of claims against this country...
Page 66 - STATISTICS • OF CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES AND OF PURCHASES AND SALES OF FOREIGN EXCHANGE IN THE UNITED STATES...
Page 76 - Whenever and so long as the proportion of silver in the stocks of gold and silver of the United States is less than one-fourth of the monetary value of such stocks, the Secretary of the Treasury is authorized and directed to purchase silver, at home or abroad, for present or future delivery with any direct obligations, coin, or currency of the United States...
Page 10 - American securities by methods which preclude the recording of their value in the questionnaire returns. (3) Inflow of private funds (balances in foreign banks and/or hoarded abroad) expatriated roughly between April. 1933 and the end of January, 1934. (4) Unrecorded foreign-owned funds sent to the United States after devaluation as a result of political uncertainty and economic instability abroad.
Page 2 - This Item takes account of all security movements between the United States and foreign countries and includes international sales and purchases of long-term issues, new underwriting, sales and purchases of properties not represented by security issues, and security transfers resulting from redemption and sinkingfund operations.
Page 1 - Quantitative studies relating to the total flow over a given period of time are usually called estimates of the balance of international payments of the country whose currency is the object of the study. According to the definition of the United States Department of Commerce "the balance of international payments of a country consists of the payments made within a stated period of time between residents of that country and residents of foreign countries. It may be defined in a statistical sense as...
Page 2 - ititt.,pn of payments effected, within a stated period of time, between residents of that country and residents of foreign countries, and since, also by definition, international payments include changes in the short-term foreign assets and liabilities of the country, it follows that aggregate receipts and aggregate payments to foreigners are equal; for any cash claims upon foreign countries not taken up by those with payments to make in foreign countries (an apparent excess of credits) would appear...
Page 112 - It should be emphasized that the annual figures for certain items, notably currency movements, long-term and short-term capital movements, silver movements, and the interest and dividend items are not fully comparable owing to revisions in estimates, changes in methods of collecting data, and (in the case of silver) the shift ol the item from one category to another.

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