The current account balance is easier to understand. In this case the currency appreciation country’s goods more expensive and causes a decline in exports and increased imports, which tends to reduce the surplus of current account country. Thus, in a system of flexible exchange rates the balance of payments is balanced without central bank intervention.
By contrast, in a system of fixed exchange balance of payments balances with central bank intervention by buying or selling currencies included in the change in reserves and ABCs of the Best Forex VPS. But this situation can not continue indefinitely.
If the deficit is permanent central bank will not allow foreign reserves exhausted, why can perform a devaluation. This has the disadvantage that will be a rise in the prices of imported goods that can be transmitted to domestic goods.
Advantages for the issuer include low financial cost. It is a way to increase the capital of the company as part of the debt (bonds) becomes capital (shares).