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It presents a classified record of all receipts on account of goods exported, services rendered and capital received by residents and payments made by them on. Purposes of the Balance of Payments Manual 3. Changes from the Fourth Edition 3. Uses of Balance of Payments and International Investment Position Data 4. One of the most crucial variables in international trade theory and policy is the responsiveness of the volume of trade to price changes": Morede- chai E.INTRODUCTION. In her authoritative 1969 survey of balance of payments theory, Anne. Krueger observed that 'there is no theory of international monetary.