The coming US current account surplus

Stein, Gabriel
July 2006
Fund Strategy;7/24/2006, p14
Trade Publication
The article offers information about the current account deficit in the U.S. When Americans retire and becomes spenders instead of savers, this is when the country goes into a current account deficit. However, their retirement is not really the main reason of the country's deficit, instead it is every country's interest in determining and maintaining a surplus. U.S. is forced to borrow what the foreigners lend due to its lacking capital control.


Related Articles

  • 2. Financial Flows, Money and Credit.  // Economic Review (Bulgarian National Bank);2012, Vol. 2012 Issue 3, p24 

    The article discusses developments in financial flows and the money and credit market in Bulgaria in 2012. It explains that Bulgaria recorded a deficit in the balance of payments for current account and in capital account balance. It also describes monetary flows which prompted major changes in...

  • INTERNATIONAL LIQUIDITY AND THE BALANCE OF PAYMENTS OF A RESERVE-CURRENCY COUNTRY. Kenen, Peter B. // Quarterly Journal of Economics;Nov60, Vol. 74 Issue 4, p572 

    The article focuses on international liquidity and the balance of payments of a reserve-currency country with special reference to the U.S. Under present circumstances, a demand for extra liquidity may be satisfied by an increase of the world's monetary gold stock; new gold production will...

  • Current Account Vulnerability Grows.  // Africa Monitor: Southern Africa;May2007, Vol. 12 Issue 5, p4 

    The article reports on the continued deterioration of the balance of payments of South Africa in the fourth quarter of 2006. With the state's investment-led growth profile suggesting that the current account deficit is structural, rather than cyclical in nature, the most likely scenario is that...

  • Thirlwall's Law: The Case of Turkey, 1987-2011. Aricioglu, Ebru; Ucan, Okyay; Sarac, T. Bahadir // International Journal of Economics & Finance;Sep2013, Vol. 5 Issue 9, p59 

    This study applies Thirlwall's law to Turkish economy from 1987:Q1 to 2011:Q4 period using Autoregressive Distributed Lag (ARDL) model and Kalman Filter method. Turkish economy has balance of payments deficits for last three decades. According to Thirlwall's law this deficits constrains...

  • Intertemporal Approach to the Current Account: Evidence from Malaysia and Indonesia. Ismail, Hamizun; Ahmad Zubaidi Baharumshah; MacDonald, Ronald // Jurnal Pengurusan;2013, Vol. 37, p3 

    This article presents an application of the intertemporal approach to the current account positions of Indonesia and Malaysia over the past four decades. Comparing the results for these two emerging market economies, the model performed noticeable better for Malaysia. Meanwhile, Indonesia's...

  • Causality and the Structure of Canada's Balance of Payments: Evidence from Time Series. Faroque, A.; Veloce, W. // Empirical Economics;1990, Vol. 15 Issue 3, p267 

    Recent historical data on Canada's balance of payments reveals a persistent pattern of current account deficits and capital account surpluses. The theoretical interpretation and significance of this recurrent pattern are controversial issues among economists. The essence of this debate is in our...

  • Balance Of Payments.  // Serbia & Montenegro Defence & Security Report;Q4 2008, p18 

    The article provides a forecast for the balance of payments in Serbia from 2008 to 2012. It states the increase in the external deficit by 70.3% year-on-year (y-o-y) to $4.69 billion in the first half of 2008. The authors predict a 15% contraction in the country's external deficit in 2009 and a...

  • Czech July current account deficit rises.  // Regional Today;9/16/2014, p3 

    The article reports the rise in current account deficit of Czech Republic in July 2014.

  • Turkey's current account deficit narrows in November 2015.  // Journal of Turkish Weekly;1/12/2016, p1 

    The article reports on fall in Turkey's current account deficit 2.105 billion dollars in November 2015.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics