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The Balance of Payments in Belgium and the IMF Approach

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    Abstract

    La balance des paiements de l'Union Economique Belgo-Luxembourgeoise ne s'établit désormais plus en fonction de l'optique du financement compensatoire. Par conséquent, la séparation entre opérations monétaires et opérations non-monétaires n'apparaît plus de manière explicite dans la balance des paiements de l'UEBL. Celle-ci privilégie désormais la distinction entre opérations courantes et opérations en capital, conformément aux principes édictés dans le 5ème manuel du FMI. Cette étude présente à la fois les justifications méthodologiques de cette modification et les conséquences sur l'analyse descriptive de la balance des paiements.

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    Bibliographic Info

    Paper provided by University of Liège Faculty of Econonomics, Management and Social Sciences Department of Economics Service of International and Interregional Economics in its series SEII Working Papers with number 970301.

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    Date of creation: Mar 1997
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    Handle: RePEc:sei:seiiwp:970301

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    Keywords: IMF approach; FMI; Balance of Payments; Balance des paiements; UEBL;

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