balance of payments, n.Definitions

The Balance of payments (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠that balance of trade which must be settled on a particular date — and a crisis is the date arriving all at once.

The Balance of payments (n.) turns ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠against every country in a general crisis — in succession, like volley firing — which proves it was never the root of the problem.