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Asked by a reporter whether his bank's persistent payment demands had contributed to A.I.G.'s woes, Mr. Viniar said that Goldman had done nothing wrong and that the firm was merely seeking to enforce its insurance policy with A.I.G. "I don't think there is any guilt whatsoever," he concluded.
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These grounds may include non-payment or persistent late payment of rent, and breaking the terms of the tenancy, for example by illegally subletting or growing cannabis.
In their introduction to the memoirs, the economists Graham Hacche and Christopher Taylor, who worked for Dow, note that "the main worries for UK watchers when Dow entered the Bank were slower trend productivity growth than in other major economies, persistent balance of payment problems, and an upward trend in inflation".
Devaluation is employed to eliminate persistent balance-of-payments deficits.
It may be undertaken when a country's currency has been undervalued in comparison with others, causing persistent balance-of-payments surpluses.
Export growth has stuttered to a halt, leaving us with a persistent balance of payments problem before the country really starts to spend and suck in huge amounts of imports.
The Group of 20 economic powers has given the I.M.F. the task of helping to untangle the thorniest problem threatening global economic coordination: the persistent balance-of-payments imbalances that bind Asia and America in an uneasy embrace.
And despite the City's overseas earnings, Britain has suffered a persistent balance of payments deficit, a sign that the country is not paying its way.For the moment, Britain is a relatively safe haven, with rich Europeans buying up boltholes in London.
According to Kherallah et al. (cited in Mercy Mpinganjira 2012, p. 167) many sub-Saharan African countries experienced persistent deterioration of balance of payment accounts in view of the prolonged economic crisis caused by continuous decline in industrial production and commodity prices as well as stagnating agricultural sectors, the main stay of most of the economies.
Because the adjustment mechanisms in the system were inadequate, a number of countries ran large and persistent imbalances in their international payments.
Total foreign trade has increased since the 1990s, but exports have not kept pace with imports, resulting in a persistent deficit in balance of payments.
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