After completing external research, write a paper to summarize, analyze, and interpret the significance of the Balance of Payments (BOP). Please organize your paper as follows:
- Define the BOP, and discuss the general accounting that goes into the development of the statement.
- Access the Current Account for the US from the International Monetary Fund web site, and report these figures in both tables, and graphic format for the years 2007 to present. Explain the nature of the metrics that are presented. Access the Financial Account for the US from the International Monetary Fund web site, and report these figures in both tablular and graphic format for the years 2007 to present. Explain the nature of the metrics presented.
- Using the data that you constructed in Part 2 above, describe the meaning that you would take from these metrics and trends for a multinational business manager. Further, discuss how the BOP data is related to exchange rates. Discuss the meaning of the J-curve and what that can mean for the business manager at a Multinational firm.
Support your paper with at least five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.