Something that Riot Games doesn't have
by ToastaptaLidl December 9, 2019
Get the Balance team mug.
the sum of the capital account balance and the current account balance; put another way, the net change in financial reserves of a country, whether in the form of income (current account) or foreign investments (capital account)
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
Since the oil embargo of the 1970's, the US has run a balance of payments deficit because its trade deficit was enormous; prior to the embargo, the US BoP deficit was large because the US exported such an enormous amount of finance capital. As a consequence, the balance of payments deficit has persisted since the end of the Korean War (1953).
by Abu Yahya February 14, 2009
Get the balance of payments mug.broland
by Thank you, very cool June 22, 2019
Get the Broland mug.When to many overweight individuals take the same flight, the flight crew must split the larger individuals evenly on both sides of the aircraft.
Flight attendant 1 - "Why are we flying sideways?"
Flight attendant 2 - "Time to complete an ass balance"
Nate - "How is the ass balance going?"
Ed - "Ass Balance?"
Nate "*Mass"
Flight attendant 2 - "Time to complete an ass balance"
Nate - "How is the ass balance going?"
Ed - "Ass Balance?"
Nate "*Mass"
by Slarge January 13, 2012
Get the ass balance mug.Instead of spending February 14 with a lover/partner, you spend it alone with a bottle of Ballantines scotch whiskey.
Herb : Are you taking the mrs out for a romantic valentines day dinner?
Murray : Nah mate, I don't celebrate that hallmark holiday. I'm celebrating Ballantines Day instead.....probably won't be in to work tomorrow....or in a relationship.
Murray : Nah mate, I don't celebrate that hallmark holiday. I'm celebrating Ballantines Day instead.....probably won't be in to work tomorrow....or in a relationship.
by The Cunning Gunt Shunter February 13, 2014
Get the Ballantines Day mug.THE MOST WIFEABLE BEAUTIFUL, AMAZING, AND & TALENTED HOTTEST FUCKIN CUTEST QUEER RAPPER/SINGER EVER SHE FUCKIN WIFEY
Person 1: who dat chick from cali with the tattoos
Person 2: OH SHIT! You mean Kehlani "BAElani"
THATS WIFEY
Person 2: OH SHIT! You mean Kehlani "BAElani"
THATS WIFEY
by The Future Buttmann June 3, 2018
Get the baelani mug.