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.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.Related Words
The level of jizz in the male sexual organs, for example if you haven't had a wank for a week you have a healthy wank balance, if you wank 8 times a day then your overdrawn
by sharkfest August 1, 2016
Get the Wank balance mug.1. To engage in sexual intercourse in a non-traditional location or position whereby great care, skill and balance is required to avoid falling, twisting or otherwise resulting in bodily injury.
2. A mechanical term used to refer to the installation of vehicle tires onto wheel rims and weight balancing the wheel for even tread wear.
2. A mechanical term used to refer to the installation of vehicle tires onto wheel rims and weight balancing the wheel for even tread wear.
1. Dan and Carla spiced up their lovemaking by having sex on the roof of their neighbors house. They were able to get off without injury with a successful mount and balance.
2. Frank bough some new shoes for his ride and made sure he paid extra for the mount and balance.
2. Frank bough some new shoes for his ride and made sure he paid extra for the mount and balance.
by Eaton Holgoode November 15, 2015
Get the Mount and Balance mug.Short for Pimp Hand Balance. This is when one of your bitches steps out of line and you bring down your pimp hand strong on the Ho to bring balance back to the relationship and the universe.
Dude, my girlfriend told me that she was going out " with the girls " and would not be home until late. So I tooled her up to P.H. balance that shit out.
by Uncle Jun September 2, 2018
Get the P.H. Balance mug.A thing we haven't seen since 2011,When the game didn't FUCKING EXIST
Let's use some examples...
Sol: Her 3 is Sanctuary basically,can heal herself to half/full health with 1 move *and does damage by the way* A move that hits twice dealing the same damage WHILE using Spear of Magus so that's fair.
Hel: Oh don't get me started on this bitch... basically has 6 skills,can heal her team to full in like 3 seconds with the right items (Which isn't hard),Oh they have an Ares or Xbalanque on their team? Use your 1 and your out of their ultimates no problem. Screw wasting a Relic slot for Purification,she already has one. Oh and her somehow acceptable damage scaling use your 2, 1 then 3 and they are dead.
Ao Kuang:Use your 2 with Demonic grip,spear of magus and polynomicon. This will kill someone 100 to 0 someone in like 2 seconds.I'm not even joking its ridiculous. And your ultimate is a 1 hit kill if their hp is at a certain percentage,which is pretty fucking easy considering how much your 2 ALONE does.
Basically everybody thinks every god is OP because they don't know how to counter them.
Except the gods i listed... Yeah those gods are cunts.
This is also inspired by MythyMoo.
Let's use some examples...
Sol: Her 3 is Sanctuary basically,can heal herself to half/full health with 1 move *and does damage by the way* A move that hits twice dealing the same damage WHILE using Spear of Magus so that's fair.
Hel: Oh don't get me started on this bitch... basically has 6 skills,can heal her team to full in like 3 seconds with the right items (Which isn't hard),Oh they have an Ares or Xbalanque on their team? Use your 1 and your out of their ultimates no problem. Screw wasting a Relic slot for Purification,she already has one. Oh and her somehow acceptable damage scaling use your 2, 1 then 3 and they are dead.
Ao Kuang:Use your 2 with Demonic grip,spear of magus and polynomicon. This will kill someone 100 to 0 someone in like 2 seconds.I'm not even joking its ridiculous. And your ultimate is a 1 hit kill if their hp is at a certain percentage,which is pretty fucking easy considering how much your 2 ALONE does.
Basically everybody thinks every god is OP because they don't know how to counter them.
Except the gods i listed... Yeah those gods are cunts.
This is also inspired by MythyMoo.
Smite Balance? The fuck is that...
Damn Smite is so balanced i like how they made every god have some type of weakness and strength!
Ymir is a guardian but can kill someone in 2 moves... Smite Balance in a nutshell ladies and gentlemen
Damn Smite is so balanced i like how they made every god have some type of weakness and strength!
Ymir is a guardian but can kill someone in 2 moves... Smite Balance in a nutshell ladies and gentlemen
by Striker And Dai Also Novel November 15, 2016
Get the Smite Balance mug.the current account balance; the net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
by Abu Yahya February 14, 2009
Get the external balance mug.