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Issue detail

Issue
38.b. Assets, liabilities and personal effects of individuals changing residence ("migrant transfers")
Issue description and recommendation

The flows of goods and changes in the financial account arising from a change in residence of individuals are treated as imputed transactions in the Balance of Payments Manual. These flows are offset in the capital account by capital transfers called migrants' transfers. The 1993 SNA is not explicit on the treatment of these flows . Since no change in ownership occur, should the changes in financial claims and liabilities due to change in residence of individuals be treated as reclassification in other changes in volume account?

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Chapters affected by this issue, and their status (For more information click corresponding chapter from the list)
  No draft yet, AEG/world review draft, Final draft
10. The capital account
26. The rest of the world accounts

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