Instrument of Investment

Several instruments of investment are also identified. Some of these are applicable to only one type of capital. For example, the instrument reinvested earnings is applicable only to direct investment, while monetary gold and special drawing rights are used for reserve assets only. The major instruments and grouping of instruments identified in BoP and IIP statistics include:

• monetary gold

• voting capital

• fund shares/investment fund

• special drawing rights

• reserve position in IMF

• reinvested earnings

• debt securities

• trade credit

• loans

• other assets/liabilities.