Attempt to integrate the monetary approach to the balance of payments

The major concern of our book is to find an alternative or a solution to the problem of the chronic deficit of the balance of payments of Burundi. The study extends over 34 years (from 1980 to 2014) because the Error Correction Model through “Eviews 3.1” only gives reliable results with a data series with a minimum of 30 observations. The analysis reviews the literature (1st Chapter) on the monetary approach to the balance of payments (external and internal factors) and the rebalancing by Monetary Approach to the Balance of Payments (Principle and limits).This is how 3 Empirical results are discussed (BURUNDI (1976-1986) the case of SENEGAL (period 1962-1995) and the case of Gabon (the period 1985-1993).The 2nd Chapter deals with the Dynamics of the monetary approach to the balance of payments in Burundi we realize that foreign trade has not been able to improve during the 34 years.The 3rd Chapter: The basic hypothesis is verified because in a significant way we find that the level of external assets and internal credit evolve in opposite directions: if internal credit decreases by 1% currencies will be inflated by 2%.