by roseenriquez_ November 18, 2018
Get the Pantene Oppa 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
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Payten
• payton
• Payden
• payton moormeier
• paiten
• patent
• Payton (Boy)
• paytan
• paytyn
• Peyten
a payton is a super sweet person. he will always be there to listen to you, even when no one else wants to. he will make you feel special anytime and anywhere. he is a great person overall. a payton can make you go crazy— with his brown eyes, golden blonde hair, and tall figure. payton will make you wonder and overthink everything. he's good at catching girls' attention and he is really honest and loyal. he will make anyone laugh even at the stupidest things. if you ever find a payton, make sure to keep him because he's one of the best out there.
by seimyours March 2, 2020
Get the payton (boy) mug.Small ass town in Upstate New York neighboring Marcy, Stittville, and Barnaveld where shit goes down. Not many people live there, but there's enough to have it's own school district. There's like two main streets with houses on them, and that consists of the town's main population. In the summer, real niggas chill in the tiny ass park by the fire department and sometimes they walk up to Miller jump off the bridge into the scummy ass water below. In the winter, they snowmobile, and well that's about it considering the fact it's well, it's in the middle of scenic nowhere. All in all, the people from the area are pretty nice and chill people.
Guy 1: Hey, you going to Holland Patent?
Guy 2: No? What's to do there? It's in the middle of bum-fuck nowhere.
Guy 1: Yeah, but the niggas there are pretty chill.
Guy 2: I guess. Let's turn up.
Guy 2: No? What's to do there? It's in the middle of bum-fuck nowhere.
Guy 1: Yeah, but the niggas there are pretty chill.
Guy 2: I guess. Let's turn up.
by ThatCoolGuyYouDon'tKnow September 16, 2014
Get the Holland Patent mug.Paiten is a girl with a baddie personality, she always is social but is humble and quite when she wants. She is always the one to make you say "oh god" but she always makes you smile, she is always looking good for the occasion and is never caught looking bad, she does some bad but knows her limits (by the way she thiccc)
by Yo why do you care? June 12, 2018
Get the Paiten mug.Most beautiful girl you could ever meet. She has a bright personality and an adorable face. Payton's can be super clumsy but in a good way. Payton's make the best friends and have been known to keep secrets well. Payton's also have many secrets and can be quite mysterious. They might her but many boys like her.
by Mariya Ryuugu March 25, 2013
Get the Payton mug.questionably the best RB the NFL has ever seen, played most of his career for the chicago bears, RIP
Pub Quiz
Question Reader: Who is the best RB to have ever lived?
Contestant One: *writes "Walter Payton"*
Contestant Two: *writes "Walter Payton"*
Contestant Three: *writes "Walter Payton"*
Contestant Four: *writes "Walter Payton"*
Fag from New England: *writes "Corey Dillon"*
Question Reader: Who is the best RB to have ever lived?
Contestant One: *writes "Walter Payton"*
Contestant Two: *writes "Walter Payton"*
Contestant Three: *writes "Walter Payton"*
Contestant Four: *writes "Walter Payton"*
Fag from New England: *writes "Corey Dillon"*
by its the truth people! April 24, 2006
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