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Title: Balance Of Payments
Author: Gene P. Morell
Source: American Gas Association 1973
Year Published: 1973
Abstract: The subject of Balance of Payments is a complex and highly debatable issue. In preparation for this presentation, a number of sources were contacted to find a reasonable definition of what balance of payments may be. Even the most knowledgeable decline to give me what they consider to be a full, impartial, and comprehensive definition of balance of payments. The obvious source. i.e. Websters Dictionary, gave the definition as a balance estimated for a given time period showing an excess or deficit in payments between one country and another country or other countries for all public and private business transactions, including export and imports, grants, debt payments. and finally, the most important part of the definition-etc.

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