In the balance of payments, as well as the national accounts, income refers to the use of factors of production. Accordingly, income should be recorded in the balance of payments during the period or periods in which the economic benefits arising from the use of a factor of production are...

Most Southeast Asian economies (namely those of Hong Kong, South Korea, Indonesia, Malaysia, Singapore, Taiwan and Thailand) have been in financial crisis since the second half of 1997, resulting in ongoing slumps on local stock exchanges, banks' financial distress and in many cases severe...