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Topic: Current account

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	Current account - Wikipedia, the free encyclopedia
		The current account of the balance of payments is the sum of the balance of trade (exports less imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
		Absent changes in official reserves, the current account is the mirror image of the sum of the capital and financial accounts.
		The traditional response is that the current account is the main causal factor, with capital and financial accounts simply reflecting financing of a deficit or investment of funds arising as a result of a surplus.
	en.wikipedia.org /wiki/Current_account (573 words)

	Part 1: Basic Concepts (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-11-07)
		Similarly, the current account in the year 1997 is equal to the difference in the stock of net foreign assets of the country between the end of 1997 and the end of 1996.
		A current account surplus results in an increase in the net foreign assets of a country while a current account deficit results in a decrease of these assets or, if the country is already a net debtor, it results in an increase in the net foreign debt of the country.
		So a current account deficit and the ensuing accumulation of foreign debt may be good, sustainable and lead to higher long-run growth or may be eventually unsustainable and lead to a currency and debt crisis depending on what drives the current account deficit.
	www.stern.nyu.edu.cob-web.org:8888 /~nroubini/NOTES/macro1.htm (9466 words)

	Economist's View: Current Account Adjustments and Economic Growth
		The current account measures the difference between domestic income and expenditures, and it is the mirror image of the funding needed to finance this difference.
		With the deficit in the current account at historic highs, there is a perceived risk that it could quickly reverse (become less negative) if, for any reason, the United States should lose access to the financing that covers the income-expenditures gap.
		If the United States were forced to halve its current account deficit, which stood at 6.6% of GDP in the second quarter of 2006, the results of the study would suggest that the current account adjustment may be associated with a modest reduction in GDP growth—0.5 percentage points over the next three years.
	economistsview.typepad.com /economistsview/2006/10/current_account.html (3157 words)

	Current Account (Site not responding. Last check: 2007-11-07)
		Following requests from clients who work with the Organization on a regular basis, WIPO is willing to open a current account for the settlement of fees and of the costs of publications and services provided by the Organization.
		The current accounts will be kept only in Swiss francs at the headquarters of WIPO in Geneva.
		The account holder must immediately, upon receipt of the statement, inform WIPO of any error which may be noticed.
	www.wipo.int /pct/en/filing/account.htm (780 words)

	USATODAY.com - Current account trade deficit swells to record (Site not responding. Last check: 2007-11-07)
		The latest snapshot of trade activity, released by the Commerce Department on Friday, showed that the "current account" deficit was 14.1% larger than the $127 billion shortfall registered in the fourth quarter of 2003.
		The current account report is considered the best measure of a country's international economic standing because it tracks not just the goods and services reflected in the government's monthly trade reports but also investment flows between countries and unilateral transfers, including U.S. foreign aid payments.
		America's current account deficit mushroomed to an annual record of $530.7 billion last year, requiring the United States to borrow that amount from foreigners during a period when the value of the U.S. dollar was falling.
	www.usatoday.com /money/economy/trade/2004-06-18-current-account_x.htm (488 words)

	FRB: Speeches, Greenspan--Current account--March 2, 2004
		The current account reflects the myriad forces that bring our transactions with foreign economies into balance at our borders, of which exchange rates are only one.
		According to the aforementioned Federal Reserve study of current account corrections in developed countries, although the large majority of episodes were characterized by some significant slowing of economic growth, most economies managed the adjustment without crisis.
		Although increased flexibility apparently promotes resolution of current account imbalances without significant disruption, it may also allow larger deficits to emerge before markets are required to address them.
	www.federalreserve.gov /boarddocs/speeches/2004/20040302/default.htm (4053 words)

	Understanding The Current Account In The Balance Of Payments
		This would be marked as a debit in the financial account of the balance of payments at that period of time, but when future returns are made, they would be entered as investment income (a credit) in the current account under the income section.
		However, depending on the nation's stage of economic growth, cycle, its goals, and of course the implementation of its economic program, the state of the current account is relative to the characteristics of the country in question.
		But when analyzing a current account deficit or surplus, it is vital to know what is fueling the extra credit or debit and what is being done to counter the effects (a surplus financed by a donation may not be the most prudent way to run an economy).
	www.investopedia.com /articles/03/061803.asp (1460 words)

	U.S. International Transactions News Release
		Unilateral current transfers Net unilateral current transfers to foreigners were $20.4 billion in the second quarter, up from $19.5 billion in the first.
		Capital and Financial Account Capital Account Capital account transactions were net outflows (payments) of $0.9 billion in the second quarter, down from net outflows of $1.8 billion in the first.
		Financial Account Net recorded financial inflows--net acquisitions by foreign residents of assets in the United States less net acquisitions by U.S. residents of assets abroad--were $154.1 billion in the second quarter, down from $171.5 billion in the first.
	www.bea.gov /bea/newsrel/transnewsrelease.htm (2197 words)

	Current Account Plus
		Current Account Plus has been designed with you in mind, giving you the kind of features and rewards our customer research tells us you're looking for.
		Current Account Plus sets you free from the day to day grind, giving you the financial support you need.
		The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest.
	www.cbonline.co.uk /0,,40517,00.html (1089 words)

	RGE - Nouriel Roubini's Blog: Category: Current Account and Exchange Rates
		The domestic reasons are related to the fact that the current Chinese currency peg is causing a dangerous and unsustainable overheating that may lead to high goods/services and asset inflation, a hard landing and financial sector distress.
		One by one, countries with large current account deficits were hit by financial turmoil in their equity, currency and bond markets.
		We of course know that current account deficits may be a necessary but not sufficient condition for currency and financial pressure; a whole balance sheet approach to risks and vulnerabiliteis is necessary to assess whether an external imbalance is positive or negative and whether it is sustainable over time.
	www.rgemonitor.com /blog/roubini/current_account_and_exchange_rates (5822 words)

	FRB: Speech, Greenspan—Current account—February 4, 2005
		To be sure, correlation is not causation, and there have been many influences on both mortgage debt and the current account.
		Another issue is the influence of still-growing globalization, arguably one of the key factors that has facilitated the financing of the U.S. current account deficit.
		I have argued elsewhere that the U.S. current account deficit cannot widen forever but that, fortunately, the increased flexibility of the American economy will likely facilitate any adjustment without significant consequences to aggregate economic activity.
	www.federalreserve.gov /boarddocs/speeches/2005/20050204/default.htm (2828 words)

	Current Account Deficits (Site not responding. Last check: 2007-11-07)
		The current account is a section in a country’s balance of payments (BOP) that records a country's current transactions.
		A current account deficit occurs when a country has an excess of one or more of the four factors making up the account.
		When a current transaction enters the account, it is recorded as a credit, and when a value leaves the account, it is marked as a debit.
	www.investopedia.com /articles/04/012804.asp (1386 words)

	Finance & Development, March 2000 - Is the U.S. Current Account Deficit Sustainable?
		The U.S. current account deficit, driven by the United States' widening trade deficit, is the largest it has ever been, both as a share of the U.S. economy and in dollar terms.
		At current exchange rates and assuming a resumption of sustained growth in the world economy, by 2005 the current account deficit will be about $600 billion—more than 5 percent of GDP.
		Moreover, because a depreciation would affect only the trade component of the current account, its impact would wear off more quickly than did the impact of the depreciation of the dollar in the 1980s.
	www.imf.org /external/pubs/ft/fandd/2000/03/mann.htm (2295 words)

	TKB - Multicurrency Current Account
		A multicurrency current account is an account meant for all kinds of settlements both in Lats and hard currency and in currencies of the CIS countries.
		By these means you may make payments, receive information on your accounts position and movement of funds in them, to find out exchange rates, as well as to receive account statements for a specific time period.
		How to open a multicurrency current account?In order to open the account, you have to read all the necessary documents and visit the Bank’s office or You can fill in the Application forms on the website of the Bank.
	www.tkb.lv /public/?cid=146 (277 words)

	Current account (banking) - Wikipedia, the free encyclopedia
		A current account is a deposit account in the UK and countries with a UK banking heritage offering various flexible payment methods to allow customers to distribute money directly to others.
		Most current accounts have a cheque book, offer the facility to arrange standing orders, direct debits and payment via a debit card.
		Current accounts may also allow borrowing via an overdraft facility.
	en.wikipedia.org /wiki/Current_account_(banking) (524 words)

	CIOL : New Products : Experian: Current Account Switcher (Site not responding. Last check: 2007-11-07)
		With twice as many people switching current accounts in 2005 than in 2004, the company's latest direct marketing solution enables banks and building societies not only to identify new prospects, but also take steps to prevent existing customers from switching to a new provider.
		Although not necessarily profitable in isolation, a current account is often a successful way to begin a new customer relationship.
		To help fulfill this objective, Current Account Switcher combines the company's range of financial and non-financial data and analytical solutions to identify and accurately predict prospect and customer behaviours, Experian said in a statement.
	www.ciol.com /content/news/NewProducts/2006/106060707.asp (233 words)

	Islamic Bank and Finance \| Current account
		Our Sharia’a compliant current account takes care of the essentials, offering banking services you would expect from a high street bank without compromising your principles.
		Our current account pays you no interest and you pay no interest to Islamic Bank of Britain.
		The current account is being offered with a chequebook and multi-functional bank card allowing you to withdraw and spend money at your convenience.
	www.islamic-bank.com /islamicbanklive/CurrentAccount/1/Home/1/Home.jsp (268 words)

	Lloyds TSB - Current account charges
		All Lloyds TSB current accounts can be used with the India Banking Service, except the Basic Bank account. You will find information on this page about the charges that apply to these accounts.
		We use the balance on your account at the start of the day* to make decisions on whether or not to pay cheques and other items presented for payment that day.
		Please make sure you have enough cleared money in your account at the close of business to cover any payments you have made (or cheques you have written) for the next day. We pay some cheques the same day as they are paid in.
	www.lloydstsb.com /rates_and_charges/current_account_charges.asp (1222 words)

	Current Account Plus
		Our highly commended Current Account Plus has been designed with you in mind, giving you the kind of features and rewards our customer research tells us you're looking for.
		Our Current Account Plus received the award of highly commended in the category for Best Current Account for Overdraft Rates in the 2005 MoneyFacts Awards.
		Current Account Plus is only available to those aged 16 or over.
	www.ybonline.co.uk /0,,38795,00.html (1084 words)

	Current account - Intelligent Finance (Site not responding. Last check: 2007-11-07)
		You can even use your current account balance to reduce the amount of interest you pay on your offset mortgage by offsetting.
		By offsetting you can use the balance of your current account to reduce the amount of interest you pay on your offset mortgage.
		For example, if you have £60,000 outstanding balance on an offset mortgage and £1000 in your current account, by not receiving interest on your current account balance, you won't pay interest on £1,000 of the outstanding mortgage balance.
	www.if.com /currentaccount/ca.asp (279 words)

	Current bank account - Internet current account - Gold current account - NPBS
		NetmasterGold Saver II is the convenient and simple-to-run savings account, which is linked to the NandP Gold Current Account.
		Better rates may be available with online current accounts or where the account specifies a minimum monthly payment of £1,000 or more.
		The interest you earn on this account will currently be taxed at the rate of 20%.
	www.npbs.co.uk /banking (818 words)

	Compare best online current account UK. A Comparison of UK current accounts available on the internet, compare and ... (Site not responding. Last check: 2007-11-07)
		The objective of this website is to provide you with up to date information on the best current account deals available in the UK right now.
		When you do choose a new online current bank account provider the one thing we try to ensure here at Compare Best Online Current Account UK is that you will find you have chosen a reliable, and customer focused online provider.
		There is no need in this day and age to accept a current bank account that pays little or no interest to you when you are in credit, and penalises you heavily if you are overdrawn for a month or two.
	www.compare-best-online-current-account.co.uk.cob-web.org:8888 (696 words)

	National Bank: Current Account (Site not responding. Last check: 2007-11-07)
		A National Bank Current Account is designed to take care of your day-to-day banking efficiently and economically.
		Depending on the amount of business you have with us, you may qualify for a Current Account with thoroughbred benefits.
		You can also check out how to get the best from this account and take advantage of our general tips to save on your banking.
	www.nbnz.co.nz /personal/product/products/currentaccount.htm (300 words)

	Current Account ( % of GDP) (Site not responding. Last check: 2007-11-07)
		11/14/05 The United States is having little trouble funding its big current account gap, but the shortfall cannot expand forever, Federal Reserve Chairman Alan Greenspan said on Monday.
		06/17/05 The U.S. current account deficit increased to a record high $195.1 billion in the first quarter of 2005 (This is at an annualized rate of almost $800 billion)
		If the dollar's value remains steady, the record U.S. current account deficit will widen over the long run, Federal Reserve Bank of San Francisco President Janet Yellen said.
	www.investmenttools.com /thestate/current_account___of_gdp.htm (224 words)

	Current account
		A current account holder may be a resident or a non-resident (within the meaning specified by the Act – Foreign Exchange Law)
		making settlements with the use of an account in the phase of organisation of the company for “partnerships or companies in organisation” before the business is entered into the appropriate register (only for residents)
		current official document appropriate for the registered office of the non-resident, containing the basic particulars of the non-resident and informing about the non-resident’s legal status
	www.bph.pl /en/sme/accounts/current (555 words)

	Apply For Current Account
		Upon receipt of the application form we will send you an order confirmation message to be used as an invoice containing also all necessary banking forms.
		Upon receipt of the required documentation and payment we will send you the full product package with an account and banking documentation within 5 (five) banking days plus actual delivery time.
		Note: This service currently unavailable to US citizens, please mail to applications@vcardpro.com for more information and/or other solutions!
	www.vcardpro.com /current_accounts/apply_for_current_account.htm (281 words)

	Current Archaeology
		If you would like to find out more about Current Archaeology, or Current World Archaeology then click on one of the leaflets to the left.
		St Chad is one of Britain's least known saints and his cathedral at Lichfield is one of the least known of our great cathedrals - even though it is the only cathedral that has three medieval spires.
		We celebrate with a special double issue, looking back at archaeology over the past 20 years.
	www.archaeology.co.uk (470 words)

	Viewing the Current Account Deficit as a Capital Inflow - Federal Reserve Bank of New York (Site not responding. Last check: 2007-11-07)
		Viewing the Current Account Deficit as a Capital Inflow - Federal Reserve Bank of New York
		With the 1998 current account deficit approaching $225 billion, attention is again focusing on the deficit's impact on U.S. jobs.
		Although a high deficit does adversely affect employment in export- and import-competing industries, it also means that considerable foreign capital is flowing into the United States, supporting domestic investment spending that stimulates growth and creates jobs.
	www.ny.frb.org /research/current_issues/ci4-13.html (89 words)

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