Transfers and Reciprocity

External balances are not just trade and income. They also include transfer flows that move value across borders without a normal export, investment return, or compensation cycle.

This subsection keeps the one-way and reciprocal transfer concepts together so readers can compare them with current-account material:

• Unilateral Transfer
• Bilateral Transfer

In this section

• Bilateral Transfer: Reciprocal Exchange in Economics
  Bilateral Transfer involves a reciprocal exchange where both parties provide something of value. This term is commonly seen in trade agreements between countries and in paired current-transfer flows.