current account

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Related to Current account balance: balance of payments, Current account deficit

current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance

Current Account

 

a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.

References in periodicals archive ?
In turn, we can decompose the current account balance into two terms
For instance, temporary shocks depreciate the real exchange rate and improve current account balance while permanent shocks though appreciate the exchange rate but the effect on current account balance is not consistent.
Table 1 reports our estimates of the number and location of the breakpoints in the current account balance and government budget balance.
Reference to the domestic accounts identity (above) makes it clear that any expansion of the fiscal deficit lowers public saving and theoretically contributes to the negative side of the current account balance.
Ricardian Equivalence suggests that the budget balance and current account balance are not directly related, as concluded from the traditional model.
While those measures had dramatically reduced gold imports and improved the current account balance, they also pushed up premiums in the domestic market, sparking a rise in smuggling.
The country's current account balance "is likely to maintain a surplus" for the time being, Minami said.
Despite Londoners maintaining the highest current account balances, they also rack up the biggest overdrafts, with the average in the city being pounds 961.
In Brazil, the current account balance, which measures the flow of money in and out of a country and also is a good indicator of economic health, is posting a surplus rather than its traditional deficit.
A ministry official said it is difficult to predict the future trend of the current account balance because it depends on the situation of overseas economies, but indicated it is in a rising trend as the trade surplus is in an upward swing and the income account surplus continues to increase.
The current account balance is like a profit and loss statement of a country.
NONTRADE CURRENT ACCOUNT TRANSACTIONS The nontrade portion of the current account balance increased $8 billion in 1989 to a net surplus (excluding capital gains and losses) of $10 billion (table 7).