current account


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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 ?
As far as current account balance is concerned, all oil importing countries are expected to experience significant improvement in their current account balance with one standard deviation shock to oil prices.
Trade balance will be well contained, and it will reflect on current account deficit," he added.
Switching your current account is about to be made much easier
When it comes to current accounts, people often stay with the same provider, even though it might not be the most competitive because the prospect of switching to a new current account can be daunting.
This current account rate puts the big banks to shame as they continue to offer average incredit rates of just 0.
The results here demonstrate that small changes in the growth rate of wealth can lead to large swings in the current account due to the wealth effect on private savings.
At the request of NBER's Martin Feldstein, I brought together a group of leading scholars to contribute original research on the subject of G7 Current Account Imbalances: Sustainability and Adjustment (University of Chicago Press, March 2007).
At that point Abbey's current account rate falls to 2.
In the face of weakening demand by financial institutions for excess funds, the BOJ on Thursday allowed the current account balance to fall below its monetary policy target for the first time since it introduced the quantitative easing policy in March 2001.
But the BOJ under Hayami had consistently resisted this pressure, believing there was already excess liquidity available to financial institutions, which could not or would not use the excess funds they already had (as huge current account balances at the BOJ).
That created two problems: There wasn't a lot of capital for business investment and even less to make up for the country's huge current account deficit--a function of our buying more from foreigners than we sell them.
Right now the current account is hemorrhaging and trade is proving to be a major constraint on the U.