at a fixed exchange rate, a current account surplus not offset by a corresponding voluntary capital outflow will generate an increase in the monetary base.
在汇率固定的情况下,如果没有相应的自愿资金外流,来抵消经常账户盈余,就会造成货币基础的增长。
the imf apparently expects a huge decline in china「s current account surplus this year.
显然,imf预期今年中国经常账户盈余将大幅缩减。
but despite the expected dip in surpluses this year, the cumulative current account surplus for the middle east and central asia region remains high.
然而,尽管中东和中亚地区的经常账户盈余预计将回落,但该地区的经常账户累计盈余仍处于高位。
「excess savings, excess current account surplus is going to get worse, 」 wei says.
「超量储蓄、经常性账户盈余过剩的现象将会更加恶化」,魏表示。
south korea - the won has appreciated 5 percent since august because of its current account surplus (surplus from trade in goods and services) has exceeded expectations.
韩国--韩元从八月开始已经升值了5%,由于帐盈余(从货物和服务贸易中获得的盈余)已经超过了预期。
not, it is true, as massive a surplus as a share of its overall economy as it had a couple of years ago, when the current account surplus reached 10% of gdp, but huge nonetheless.
the aggregate current account surplus of emerging markets is wholly concentrated in china and the oil-exporting nations.
新兴市场的总体经常账户盈余全部集中在中国和石油出口国。
much less of japan」s current account surplus is being 「recycled」 abroad via direct and portfolio investments and instead is coming back to sit in banks as savings.
the ratio of current account surplus to gdp, after a notable reduction in 2009, has been declining since the beginning of 2010.
在2009年出口额显着减少后,经常项目顺差占国内生产总值的比重从2010年初开始下降。
the other reason for concern about china's external position is that the country is still running a huge current account surplus – near to 8 per cent of gdp.
对中国外部处境感到担心的另一个理由是,该国仍有巨额经常账户盈余,接近gdp的8%。
the current account surplus is expected to be 3.6% this year.