Djogo, Marko; Vladusic, Ljubisa - In: Journal of contemporary economic and business issues 5 (2018) 1, pp. 51-66
The idea of the relation between the economic development level and the balance of payments position is not a new one. Yet, this idea was formalized for the first time in the early 1960s by Charles Kindl.berger in the form of the balance of payments evolution scheme. Although this is a rather...