Title: International Balance Of Payments (BOP): Current Account, Capital Account, Financial Account, Official Reserve Account
Headings: International Balance of Payments (BOP)
International Balance of Payments (BOP)
Current Account and Capital Account
The Current Account
Capital Account Balance = Balance of Trade = Exported Goods and Services - Imported Goods and Services
The Capital Account
Capital Account Balance = Capital Inflows - Capital Outflows
The Financial Account
Balance of Payments Deficit and Surplus
BOP = Current Account + Capital Account
The Official Reserve Account
Dollarization
Resources
External Links

Content: However, foreign interventions rarely work because, while central banks only intervene for a short time, market forces are always influencing the exchange rate, so the market equilibrium will soon return after the intervention. Dollarization
There are some smaller countries and independent territories in the world that do not have their own currency, but use the currency of another country. Although it is known as dollarization, the currency can be any currency, although it usually is the United States dollar. Therefore, such countries and regions have no balance of payments nor can they conduct their own monetary policy. Countries that are territories or commonwealths of other countries generally use the currency of the main country. For instance, Puerto Rico, a commonwealth of the United States, and the U.S. Virgin Islands, a quasi-independent territory of the United States, use the United States dollar for their currency. Sometimes a country will adopt a foreign currency because the domestic currency has little or no value. For instance, in March, 2000, the government of Ecuador changed the official currency from the Sucre to the United States dollar to stabilize the economy and to greatly reduce the high inflation that plagued the country in the 1980's and 90's. Resources
FRB: Z.1 Release-- Flow of Funds Accounts of the United States, Release Dates
BEA International Economic Accounts: