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persistent current

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persistent current [pər′sis·tənt ′kə·rənt]
(cryogenics)
A magnetically induced electric current that flows undiminished in a superconducting material or circuit.
A superfluid current that flows undiminished around a closed path.


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Asia's large and persistent current account surpluses have contributed to the global imbalances underlying the current crisis, so it is in developing Asia's own self-interest to adopt policies to rebalance its growth, the outlook said.
However, developing Asias large and persistent current account surplus is an integral part of the global imbalances that underlie the current global financial crisis.
It said the persistent current and fiscal account surpluses, along with a build-up of a sizable net foreign asset position, had significantly reduced the vulnerability of the Saudi economy to negative terms of trade shocks and sudden fiscal retrenchment.
 
 
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