JENÍČEK V., KREPL V.
Abstract
Balance of payments is a systematic statistical recording of economic transactions realised between the home economy and the rest of the world during the given time period. Therefore, it an exclusively the transactions between the home and foreign entities, while as a home entity we regard physical body with the abode in the home country or legal body with the seat in the home country. Foreigners are then all physical and legal bodies, which cannot be described as home entities. The followed time period can be different.
Key words:
balance of payments, account: current, capital, financial, balance of errors, foreign exchange reserves