Each of the spouses may, without the consent of the other and in his or her own name, open a current account, a deposit account, a savings account, a securities account, or an account of any other kind.

Differences among the eurozone countries in growth rates of productivity and wages will continue to cause disparities in international competitiveness, resulting in trade and current account imbalances. Germany now has a current account surplus of about 215 billion a year, while the rest of the eurozone is running a current account deficit of about 140 billion.

Sustainable and Excessive Current Account Deficits, by Helmut Reisen

We probably drifted somewhat on account of the current.

26. The current account of the balance of payments showed a substantial surplus in 1997.

Indeed, every year for more than three decades, the US Bureau of Economic Analysis (BEA) has reported a current account deficit. And yet now we must ask whether the US current account deficit is still a problem.

In a global economy with deficient aggregate demand, current account surpluses are a problem. But China s current account surplus is actually less than the combined figure for Japan and Germany as a percentage of GDP, it is 5 , compared to Germany s 5.2 .

Despite import compression, trade and current account deficits remained largely unchanged.

You do not have any groups for this account do you want to fetch a current list?

Thus, as capital inflows gave rise to a current account deficit, they ironically became the country s weakness.

It takes into account current population characteristics and health care service capabilities.

(3) As regards doubtful account reserves, beginning balance prepared at current period, amount recovered and written off at the current period and ending balance of doubtful account reserves shall be disclosed.

Without external constraints, public and private expenditure grew precipitously in many countries on the eurozone periphery, while wages rose faster than productivity. As these countries posted current account deficits, northern European countries accumulated current account surpluses, exposing a widening competitiveness gap.

Emergency relief operations resulted in current expenditures rising by 39 per cent, and the current account deficit reached US 7.9 million.

Thailand had long had exploding current account deficits and weak fundamental macroeconomic indicators.

She may open a current account in her own name and may freely withdraw or dispose of its funds .

46. In the case of Thailand, the crisis emanated partially from a deteriorating current account position, as in Mexico.

17. Contrary to the past, problems have emerged not because of current account imbalances but of sudden disruptive changes in the capital account.

For the ASEAN 5, current account deficits averaging 4 of GDP in 1996 97 swung dramatically into average surpluses of 6.8 of GDP in 1998 99. A similar transformation occurred in South Korea, where a 2.8 current account deficit in 1996 1997 became an 8.6 surplus in 1998 1999.

189. Taking into account the magnitude of the current crises and conflicts, the Commission might

This argument is correct in the sense that it is the current account surplus or deficit of a monetary union as a whole that can be expected to have exchange rate implications. And, unlike China, Germany no longer has a national exchange rate that can adjust in response to its current account surplus.

Italy, Spain, and France all have current account deficits equal to 2 or more of their GDP. As they come out of their cyclical recessions, incomes will rise, leading to increased imports and even larger current account deficits.

Large current account imbalances continue to characterize the global economy, and a lower dollar would contribute to reducing the United States deficit.

A full account on the current activities of UNODC with regard to the relationship with UNDP is provided in section II above.

These objectives are consistent with lowering inflation to the single digit level and to moving towards a sustainable external current account deficit.

Led by an impressive growth in export revenues and a substantial reduction of current account and trade deficits, external indicators improved overall.

As a consequence, the original current account expenditure estimate for the year was expected to be exceeded by 0.1 percent, or 500,000.

However, a massive inflow of capital would result in a certain degree of appreciation and a growing current account deficit, a situation that could make markets nervous.

It is proposed to maintain the current number of support account posts provided to the Section.

It is proposed to maintain the current number of support account posts provided for the Section.

In the short run, the US current account deficit will remain, regardless of which country runs bilateral surpluses. Thus, China s continued reinvestment of its current account surplus in US government securities is of utmost important for US growth and financial stability.

Perhaps the most notable consequence of Spain s recent reform efforts is its current account surplus the country s first in more than two decades. At the peak of the crisis, Spain s current account deficit amounted to an unprecedented 10 of GDP.

After all, America s still large current account deficit guarantees that the dollar will continue to fall. Even so, the macroeconomic logic that large current account deficits signal that currencies are overvalued continues to escape the world s international financial investors and speculators.

(a) To develop and improve existing scenarios, taking into account current technological developments and efforts of developing countries in response to climate change.

Governments can do this consistently with a medium term deficit reduction plan by making a crucial distinction between their budgets current and capital accounts. The current account covers spending on services and perishable goods that produce no assets.

57. It is proposed to maintain the current number of support account posts provided for the Section.

But whether renminbi appreciation will work depends on reducing China s net capital inflows and current account surplus. International experience suggests that, in the short run, more capital flows into a country when its currency appreciates, and most empirical studies have shown that gradual appreciation has only a limited effect on countries current account positions.

Yet, strangely, it is the Fed, not the ECB, that has set an unemployment target. The US unemployment rate has declined to around 7.7 and the current account deficit is close to 500 billion, while eurozone unemployment is at a record high, near 12 , and the current account shows a surplus approaching 100 billion.

Section II of the report contained a discussion of the legislative history of the programme of technical cooperation and the Development Account, the current objective of the programme, and guidelines for the use of the Account.

The increased economic activity, coupled with the growth in imports, has also led to growing current account deficits.

Developing countries in the aggregate were running a large current account surplus in 2004, equivalent to 2 per cent of their gross domestic product (GDP).

It was observed that a number of developing countries, especially in East Asia and Latin America, have registered current account surpluses, despite strong import growth.

These requirements reflect a decrease of 459,700 or 21.4 per cent, compared with the related support account resources of 2,148,500 budgeted for the current period.

Even more extraordinarily, when these new currencies emerged as the new claimants to reserve status, they had only recently become convertible for current account transactions, and capital flows were still restricted. Germany had moved to current account convertibility in 1958, but Japan only in 1964.

The present review should take account of the bleak employment record that has been produced by current industrial patterns.