Over the years, Japan has continued to achieve an annual current account surplus.
Reserves fell in China during the last quarter of 2011 partly owing to the narrowing in its current account surplus.
In London last week, Mr Schauble said suggestions that Germany's current account surplus needs to fall "did not make any sense".
Instead, the yen's strength is a by-product of private sector recycling of the current account surplus and international purchases of Japanese assets.
When the Bretton Woods system ended in 1971, the United States had run a current account surplus every year since 1960.
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The UK ran a current account surplus of 0.6 percent of GDP in 1978, the last full year before Thatcher came to office.
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According to Goldstein, China's total current account surplus has ballooned from 1% of its gross domestic product in 2001 to 9% in 2006.
Germany's current account surplus last year was nearly 6% of GDP.
This happens when an economy runs a current account surplus.
Wage competitiveness was returning, as was a current account surplus.
Third, the lower the interest rate the lower US net income payments to foreigners and hence the more likely the US is to move to a current account surplus.
So if this extra spending means that their current account surplus becomes smaller, then there's less available to buy U.S. Treasuries, and you'd expect U.S. interest rates to go up a bit.
Even after Beijing agreed to a gradual appreciation of the yuan in 2005, China's current account surplus has surged to record levels, fueling speculation that the currency needs to appreciate even further.
Unlike the hard-money ECB, most other leading central banks are happy to see their currencies depreciate which will make it all the more difficult for the euro area to run a current account surplus.
See which government bonds have low debt-to-GDP, preferably under 30%, with low budget deficits and a current account surplus or strong current account balance in a country that is growing at least 3% GDP annually.
Much the same thing was happening in the U.S. While Robert Triffin was wailing about the supposedly inevitable and horribly destructive U.S. current account deficit, the U.S. was actually running a persistent current account surplus.
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Rather than forcing Germans, whose savings rates and current account surplus results from years of fiscal prudence, to lend even more money and suffer higher inflation so that the southern tier can receive more monetary stimulus, Dombret argues the citizens of deficit economies must spend less while working, producing and saving more.
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Thailand, whose whopping current-account deficit helped trigger the turmoil, is now running a monthly current-account surplus.
But is not a stronger yen and a weaker dollar just what is needed to reduce Japan's large current-account surplus and America's current-account deficit?
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China's trade surplus with America remains large and controversial, but its current-account surplus with the rest of the world is dying out.
Its current-account surplus has narrowed largely because of an increase in domestic investment, not consumption.
High commodity prices have given Brazil a large current-account surplus for the past few years.
It expects China's current-account surplus to double in dollar terms between 2010 and 2014.
As a result, exports are already growing and Ireland has moved into a current-account surplus.
Public finances were mostly in balance, public debt fell and the region ran a current-account surplus.
Its current-account surplus has almost halved to around 6% of GDP from 11% in 2007.
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Russia is in the lucky position of having relatively low debts and a big current-account surplus.
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Nor is there much worry about a potential nasty side-effect of a booming current-account surplus: rising inflation.
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It has an inflation rate of less than 1% and a current-account surplus that has reached 15% of GDP.
In reality, China has a current-account surplus, which means that savings must exceed investment, not the other way around.
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