The state has a strong imbalance of payments with the federal government.

The International Monetary Fund (IMF) was created to fight against temporary imbalances of payments.

After World War II ended, a new surge in inflation, together with an imbalance of payments rendered it necessary, once again, to bring in foreign experts.

Imbalance of Payments For the last few years, many countries have been paying out more in principal and interest than they have received in new loans - involving them in what banks call a net transfer of resources.

To the Editor: Re "New York Pays Highest Taxes, Study Finds" (news article, Nov. 11): One important factor in New Yorkers' local tax burden is the imbalance of payments between the state and the federal government.

The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary imbalances of payments.