current account

Global markets are volatile: the country's current-account surplus has fallen by more than half from a mighty 8% of GDP in just a year.

Russia has run current-account surpluses for many years, yet it has also been badly hit by an outflow of capital and a credit freeze.

Here you are. I wonder how much interest can I earn from a current account.

Europe is not in the position of the United States, with a huge foreign debt and a $450 billion current account deficit.

Like the U. S. , emerging markets in Eastern Europe were able to fund large current-account deficits in the recent era of cheap financing.

a: here you are. i wonder how much interest can i earn from a current account.

But since the adoption of a single currency, devaluation is no longer available to correct an unsustainable current account deficit.

A country with a persistent current-account deficit might be expected to see its currency fall over the long term.

Given such a steep build-up in reserves, it is not surprising that China's current account has also been recording large surpluses.

Third, the Japanese current account surplus continued to shake the structure, from the industrial collapse of the debt security foundation.

With large capital inflows and a current account surplus, China's foreign exchange reserves have continued to rise rapidly.

He also said the IMF's forecasts of its current-account surplus have involved 'substantial exaggeration' over time.

The politicians who planned the euro generally did not think about future current account imbalances or other economic problems.

He did not heed the warning signs as household savings fell, a current-account deficit persisted and a budget shortfall emerged.

They point to the fact that the current account surplus as a proportion of gross domestic product is likely to be much lower this year.

Nor will the U. S. be able to run such large trade and current-account deficits, since financing them will become more expensive.

Ok, thank you. I'd like to open a current account. How much does it cost?

China's exchange reserves did not keep up with its current account surplus between July and September.

"Once you run current-account deficits, you depend on the kindness of strangers, " he said, pausing to let out a resigned sigh.

Applicant(s) must maintain at least a HKD Savings Account or HKD Current Account with the Bank.

Even where troubled euro-zone countries had not been profligate, they have been running unsustainable current-account deficits.

For the moment, regulations limit offshore renminbi to currency with its origin in trade, in other words current account transactions.

China will probably not be able to reduce its excessive current account surplus without a revaluation of the renminbi.

This current account surplus has been a thorn in the side of developed economies struggling to rebuild their exports.

Fiscal policy makers should not allow the current account gap to widen during periods of solid national economic growth, he said.

Many have argued that, within a currency union, current account deficits do not matter any more than between Yorkshire and Lancashire.

China's economy is protected by its current-account surplus and vast reserves, but its banking system would be hurt by an abrupt withdrawal.

Its vast current-account deficit has started to shrink, meaning that America is no longer pulling along the rest of the world.

This was both a dig at America (with its big current-account deficit) and a statement of startling complacency.

The decline in the household saving rate and the current-account surplus would seem to be connected.

Both went into the downturn less burdened by private-sector debt and with hefty current-account surpluses (see left-hand chart).

"Given the decline in our current account surplus, there is no foundation for a sharp rise in the renminbi, " he said.

When demand outpaces supply in an open economy it is more likely to show up in a current-account deficit than in inflation.

While this increased the rate of growth, it also led to high fiscal deficits and a worsening current account.

Moreover, the US tends to run current account deficits, for this reason.

But if commodity prices were to ease, the current account deficit could deteriorate rapidly, leaving Brazil on the verge of a debt crisis.

Yet its current account surplus makes it a net subtractor of demand from the world economy.

Even a debt restructuring would not resolve the problems of lack of growth, lack of competitiveness and a large current account deficit.

The puzzle is compounded by the fact that the world ran a persistent current-account deficit for at least three decades until 2005.

But looking at the size of the current-account surplus is only one way to estimate the degree of undervaluation of the currency.

Another risk lies in the fact that America depends on China to help finance its budget and current-account deficits.

A reserve renminbi would have to be fully convertible, on the capital account as well as the current account.

The dollar fell to 160 from 240 yen over the next two years, but the current-account imbalance between the two countries was unaffected.

The ~ of the dollar can be directly linked to deterioration of the current account of the US balance of payments.

But its current-account surplus may fall as profligates like the United States and Britain consume less and export more.

With a huge current account deficit and a collapsing currency, the UK has an emerging-market-style problem on its hands.

A reserve currency is supposed to be a store of value; by running a huge current-account deficit America has left the dollar vulnerable.

Its current account position varies, but tends to be strong.

Germany gave a hint of the difficulties ahead with its insistence that its current-account surplus wasn't a problem for the global economy.

I' d like to see more pro-saving policies in the US, and I think they would reduce the current account deficit.

Are the latter now financially robust enough to run current account deficits safely?

Another was the improved financial position of the government, with stronger current account of the balance of payments.

Japan and Germany -- two countries with perennial current account surpluses -- illustrate the point.

What has been the experience of economies that decided to transition out of large and sustained current account surpluses?

To supply the world's risk-free asset, the country at the heart of the international monetary system has to run a current account deficit.

Current account deficits ballooned, with capital inflows accelerating up to the eve of the crisis.

Since the US has a current account deficit, the rest of the world is also, by definition, spending less than its income.

In economics, the current account is one of the two primary components of the balance of payments, the other being the capital account.

Russia is running a huge current-account surplus, it is paying off the last of its debt and the rouble has just been made fully convertible.

Whether or not interest is to be allowed on capital and current account balances, and if so, at what rate.

India's high inflation and chunky current-account deficit, financed by capital flows, mark it out from most of Asia.

Its current-account surplus would vanish and it might suffer the same sort of turbulence as Greece did earlier this year.

In the case of Japan, has the appreciation of the yen led to a reduction of the current account surplus?

A bigger current account surplus and a more aggressive monetary policy are necessary conditions for ending the Japanese malaise.

With only German PPI and EU current account data due up in the London Session, the tranquility may continue.

He estimated that the December inflow represented an annualised rate of about $575bn, enough to cover the US current account deficit.

It has an inflation rate of less than 1% and a current-account surplus that has reached 15% of GDP.

More importantly, the current account gap is only one facet of our internal and external imbalances.

A sharp devaluation of the Belarusian rouble in May and a large current-account deficit have left the economy tottering.

Current account surpluses, capital inflows and concerns over export competitiveness complicate monetary policymaking across the region.

Additionally, the euro will weaken in the foreign exchange markets, which will improve the current account positions of the PIIGS as well.

"Monetary policy seems to be too loose for the good of China because of the large current account surplus. "

Those countries running current account deficits, most notably the U. S. , would have to define ways to boost savings.

Fifth, the U. S. current account deficit climbed to historically unprecedented proportions of the gross domestic product.

If the fiscal deficit is to be improved without pushing the private sector into greater deficit, the current account must improve sharply.

In a currency union, borrowers speculate on a bail-out and do not let exploding public and current account deficits bother them.

The latter, to be sure, are not about to drain their savings and turn their current account surpluses into deficits.

Bankers say that AK is best placed to deal with the country's ballooning current-account deficit, but not everyone agrees with its approach.

Either way, Brazil needs this international reach to fund a current account deficit running at about $50bn a year.

Including deposits, withdrawals, convertible currency, to see the current account information and other operations.

A vastly better outcome would be bigger savings and a reduction in current account deficits.

Deliberately weakening a currency while running a strong current account surplus has raised eyebrows in Washington.

Weak commodity prices could push the region into running a large current-account deficit, just as private-capital inflows decline sharply.

For countries with large current account deficits, much of this growth will have to come from net exports.

The current account is in surplus; unemployment is dropping and industrial production rising; government bond sales have been strong.

Yet China could move today's current account surplus towards deficit, by $300bn a year, at negligible risk.

The current-account balance is a rough guide to which countries are most vulnerable.

Of these countries, only Germany and Japan have current account surpluses. The rest are capital importers.

He recognises that the reduction of current account imbalances is a necessary condition for a non-protectionist trading system.

Countries with severe and persistent current account deficits were allowed to devalue their currency.

The Czech koruna is down as well on (by most accounts, exaggerated) fears about mortgage debt and current account difficulties.

US plan for countries to sign up to current account targets has run into widespread opposition.

A country's global current account deficit depends on the excess of its gross domestic investment over gross domestic savings.

Since there is so much intra-eurozone trade, a current account surplus in one member naturally means there will be a deficit in another.

If that happens an old-fashioned currency crisis is conceivable in those markets with the largest current account deficits.

The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).

In aggregate, however, this can only happen if emerging economies shift towards current account deficit.

And Japan is different from America and Britain: it runs current-account surpluses and thus has not been dependent on foreign capital.

What I have found difficult to interpret are the implications of the increasing current account surplus for the economy and the community.

As China's current-account surplus has fallen as a share of GDP, estimates of the required degree of appreciation have become smaller.

If the Chinese would stop running an artificial current account surplus that would be a significant stimulus to the [developed world].

Many were the investors and analysts focused on the US's current account deficit, and the threat to the dollar, as the greatest risk.

The most telling indicator is the combination of the still huge current account deficit with a deep recession (see charts).

He adds: "As long as someone wants to hold your assets, a current account deficit of this size is sustainable indefinitely. "

Otherwise the need for demand growth could collide with an ever increasing US current account deficit and unmanageable global imbalances.

In general, this bank account should be a Renminbi Current Account. Other type of Renminbi bank account may be used by the customer only if.

Since current account deficits are the obverse of capital account surpluses, their current account deficits will automatically contract too.

Further trend gains could follow in the coming years amid reviving American growth and a declining U. S. current account deficit.

The Chinese current account surplus is far from the only explanation for the US current account deficit.

At the other extreme lies China-with huge foreign-exchange reserves, and a current-account and budget surplus.

The current account measures trade in goods and services and the flow of money among nations.

America would resist, because losing its reserve-currency status would raise the cost of financing its budget and current-account deficits.

As a rare example of a big Asian economy with a current-account deficit, it cherishes its role as honest broker.

The prime exception is China, where hot money continues to pour in and where the current account has a massive surplus.

This isn't the start of Japan swinging into a longer-term current-account deficit, analysts say.

Meanwhile, Chinese exports are keeping US consumers spending and its foreign exchange reserves are plugging the US current account deficit.

Each year, with a current account surplus of about 3 per cent of GDP, it adds to its claims on foreign assets.

The aim was to stimulate exports so that the economy could expend without being constantly constrained by the current account deficit.

In principle, again, current-account deficits can be closed without a slowdown in production.

The anxieties that prompt emerging markets to run big current-account surpluses have not been assuaged.

A widening current-account deficit can be a classic sign of overheating, as domestic demand outpaces supply.

In this context the sharp narrowing of the current-account surplus to 1. 4% of GDP in the first quarter is nothing to celebrate.

First, the US is already running a large current account deficit, a reflection of the fact that domestic spending is well above output.

S. dollars. The reliance on external debt to maintain the current account balance of the United States, which is not good news. However, U.

If it cut its fiscal deficit the state would probably lower the current-account deficit.

The current account is balanced, household and corporate debt do not create any concerns.

The current-account deficit narrowed despite a reduction in the transfers surplus and the emergence of a small deficit on services.

The $825bn fiscal stimulus over two years proposed by the Obama administration will increase the US current account deficit.

The US current account deficit is due to a collapse in US net saving rather than an increase in investment.

The current account deficits of the post-bubble countries have all diminished a bit.

I'd like to open a current account with you.

In this manufacturing-led economy, the travel deficit in the current account is now regularly exceeding the goods surplus.

Yet they ignore the biggest imbalance of all: the current-account surplus that planet Earth appears to run with extraterrestrials.

My third proposal would be a tax on excessive and persistent current account imbalances.

With a rapidly ageing population, it is also right to accumulate savings by running a current-account surplus.

With no current-account surplus, China would no longer be a net purchaser of US government bonds and other foreign securities.

The ratio of current account surplus to GDP, after a notable reduction in 2009, has been declining since the beginning of 2010.

On exchange rates and the current account deficit, the meeting opened up possibilities without achieving concrete decisions.

More precisely, a country's current-account balance is exactly equal to the difference between its national saving and its investment.

Given its debt, its budget and current account deficits and its woeful lack of competitiveness, Greece cannot escape the debt trap.

America's current-account deficit this year is likely to be less than 3% of GDP.

Data on China's current account, released Tuesday, bolster Beijing's argument that the yuan is close to fair value.

Even yen appreciation appears to be reversing as Japan's collapsing current account surplus reduces the demand for yen.

At least until 2001, surpluses on the current account and FDI were offset by other capital outflows.

Any problem encountered during the implementation shall be reported in time to the Current Account Management Department of the SAFE.

As the US capital account surplus is falling, then so, logically, must be its current account deficit.

This exacerbates the current-account positions of the receiving countries and puts downward pressure on developing-country exchange rates.

The US current account has worsened mainly in relation to countries that have pegged their currencies against the dollar.

She used to bank her salary in her current account.

Some, but probably less than some once thought, since a contracting U. S. current account deficit has left less to finance.

Some, but probably less than some once thought, since a contracting U. S. current account deficit has left less to finance.

For years, the size of the American current-account deficit was seen as bearish for the buck.

As the US reduces its current account deficit, a transition in specialisation will have to take place.

The Swiss have both a fiscal and a current-account surplus, a low inflation rate and a relatively low debt-to-GDP ratio.

If investment rates do not change, Japan will move into current-account deficit.

In recent weeks, there had been some hints that China was favourable to the idea of current account targets.

More net foreign purchases is exactly the same as a wider trade deficit (or, more technically, a wider current account deficit).

The first is as straightforward as entering a few digits on banks' current account balances at the BoJ.

The flight of private capital means emerging economies with current-account deficits face a drought of financing as well as export earnings.

The first is that global payments are significantly out of balance, with a huge US current account deficit offset by surpluses elsewhere.

The first is that global payments are significantly out of balance, with a huge US current account deficit offset by surpluses elsewhere.

Those with current-account deficits are vulnerable to a sudden outflow of capital if global investors become more risk averse.

"Excess savings, excess current account surplus is going to get worse, " Wei says.

The short-term effect is an appreciation of real exchange rates and soaring current account deficits in destination countries.

Those current account imbalances are the result of imposing a single currency on 17 eurozone countries.

The IMF has predicted that China's monstrous current account surplus would soon reincarnate itself in an expanded form.

First, real appreciation leads, other things equal, to a larger current account deficit, which has a contractionary effect on demand.

foreign funded travel agencies may open a foreign exchange current account to deal with foreign exchange receipts and payments under travel.

But as exports to the US and elsewhere decline and current account surpluses shrink, liquidity conditions are likely to tighten in Asia.

Moreover, the fact that the US has a structural current account deficit has bearing on the second point Mr Obama's advisers must make.

Moreover, the fact that the US has a structural current account deficit has bearing on the second point Mr Obama's advisers must make.

Back in 2005 and 2006, Mr Roubini sounded warnings about the property bubble and the dangers of the American current-account deficit.

These would increase the ability of current account deficit countries, such as Pakistan or Egypt, if they were hit by an external shock.

The current account is a measure of the difference between a country's income and its current spending.

In Germany, however, the deterioration in the fiscal balance is entirely an offset to a smaller current account surplus.

But Roubini was unnerved by what he saw in the U. S. economy, in particular its 2004 current-account deficit of $600 billion.

China has run a current account surplus and a capital account surplus almost uninterruptedly for more than two decades.

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This implies a gradual shrinking of the relative size of its current-account surplus.

That is why the country is struggling with inflation rates above the euro zone average and with a widening current account deficit.

This implies a gradual shrinking of the relative size of its current-account surplus.

That is why the country is struggling with inflation rates above the euro zone average and with a widening current account deficit.

Growth, while impressively about 4% for the last several years, has been achieved through high fiscal and current account deficits.

The huge US current account deficits had become unsustainable and called for a big decline of the dollar.

The economic consequences are global as the excess savings directly impacts China's balance of trade and current account surplus.

Italy has fewer foreign debts than the other troubled euro-zone countries, as it ran only modest current-account deficits in the boom years.

Global investors are worried about many things. Why is America's current-account deficit not one of them?

To protect themselves in future, they started to run current-account surpluses and to amass foreign-exchange reserves.

Why did past episodes when the U. S. ran large current account deficits not result in similar housing booms and busts?

America's current account deficit is due more to bubbles in asset prices than to a misaligned dollar.

America's current account deficit is due more to bubbles in asset prices than to a misaligned dollar.

The improvement in the current account balance must then be even bigger than it would otherwise need to be.

China's large current-account surpluses and the continued growth in its foreign-exchange reserves are evidence supporting this view.

By contrast, both his alarm over entitlement spending and relative lack of concern about current account imbalances are powerfully argued.

Emerging markets' current account balances on average have swung into surplus accompanied by sharp increases in international reserves.

This generates low real interest rates and a widening current account deficit.

To put that in context, China's current account surplus in 2007, at the height of the credit boom, was around 11 per cent of GDP.

And China, lest anyone forget, is still running huge current account surpluses.

Brazil's current-account deficit is widening again and is likely to continue to do so.

Exports to the West did not surge until 2000. The region's current-account surplus actually shrank between 1998 and 2001.

In real terms, the current account deficit is consequently stabilising at last, albeit at a very high level.

Sustained current account deficits are undesirable and should be corrected by appropriate policies.

Spain's consumption boom and ballooning current-account deficit continued unchecked because foreign lenders faced less currency risk.

The Automatic Vehicle Identification antenna reads your current account balance and automatically deducts the toll from your account.

US households are broken on the wheel of debt, as are those of most of the other countries that ran large current account deficits.

First, the UK's net international investment position is positive and its current account deficit modest.

It is precisely this scenario that has contributed to a dramatic widening of global current account imbalances in recent years.

A quick glance at the chart corrects another common misperception: that emerging markets mostly run current account surpluses.

In the mid-1980s, large current account deficits and a sharp dollar decline helped produce initial cuts in budget deficits.

The countries with large current account surpluses and deficits all have problems that need to be addressed by policy.

Therefore it is probably a good idea to err on the side of prudence when it comes to current-account deficits.

The counterpart of a surplus of savings over investment is a current account surplus.

So it draws the conclusion: That RMB increases in value will not decrease our income and balance of current account, but will increase it.

Worse, Spain shared several of the smaller economies' weaknesses, like a loss of competitiveness and big current-account deficits.

Turkey suffers from two other bugbears: inflation and a large current-account deficit.

India currently allows its currency to be convertible only on the trade or current account.

In contrast, senior US officials strengthened their objections to China's continued large current account surplus and managed exchange rate.

For years it has spent more than it earns, running up large, persistent current-account deficits.

Japan records an increase in its current account surplus, despite a drop for the country's trade surplus.

You must be 18 or above before your bank will issue a check guarantee card and checkbook as part of a current account package.

You must be 18 or above before your bank will issue a check guarantee card and checkbook as part of a current account package.

Clearly, no country would agree to live by a rule that it should balance its current account.

what additional data would be required to calculate the current account balance?

Thus, in aggregate, emerging countries are recycling current account surpluses, plus the net private capital inflow, into reserves.

By contrast, the bilateral current account balance between the US and the euro zone has hardly changed over the past few years.

Romania's trade deficit has shrunk by three-quarters this year, easing concerns about coverage of the current-account deficit.

The longer that international investors remain risk-averse, the more attention they are likely to pay to current-account imbalances.

Books management module and divided into current account and consolidated management of current detail account for accounting.

Turkey has grown rapidly, despite pitifully low levels of domestic saving, thanks to an ever-widening current account deficit .

Explicit current-account targets have their shortcomings, not least that policymakers can influence them only indirectly.

With high savings and a current-account surplus, China lacks many of the vulnerabilities that toppled Western credit systems in 2008.

Inflation is only 1. 4% and China has a widening current-account surplus, which implies excess supply rather than excess demand.

The riskiest economies, all with current-account deficits and relatively high consumer-price inflation, are India, Turkey and Hungary.

The current account is the broadest measure of a nation's trade and investment balances.

By exporting savings to the rest of the world, via an artificial current account surplus, China is making all of us poorer.

That means either businesses or households have to take the hit, either on their own or helped by current account surpluses.

Better macroprudential action is needed, particularly in reining in sustained, large current account deficits.

Absent changes in official reserves, the current account is the mirror image of the sum of the capital and financial accounts.

But it cannot fully account for the vast and enduring current-account surpluses that Germany piled up year after year.

The international balance of payment mainly includes current account, capital account and official reserve account.

Real interest rates would diverge between countries, meaning nations with big current account deficits would suffer lower growth.

Most, including the U. S. , are running huge current account deficits.

The result is paradoxical: international creditors are nervous about a country that runs large budget and current account surpluses.

The bigger the private surplus, the bigger the fiscal deficit or current account surplus must be.

That requires a reduction in the current account surpluses of surplus countries (or, much less probably, increases in deficits elsewhere).

That, in turn, prolonged global imbalances by making it easier for profligate countries to finance their current-account deficits.

Because of China's substantial current account surplus, policy makers in Brussels and Washington have argued for such a move.

Excessive commodity stockpiling should be excluded from the current account surplus target.

But dizzy current-account deficits, wild foreign-currency borrowing and reckless fiscal policy are leaving a horrible hangover for some.

This time, most emerging economies have been running huge current account surpluses.