Current Accounts: Features, Benefits, and Usage Explained: By Harman Singh A current account is a financial tool designed specifically to meet the demands of businesses and enterprises. It facilitates ...

Since 2002, the U.S. has seen the emergence of twin deficits—that is, a growing budget deficit along with a growing current account deficit, which reflects increasing U.S. borrowing from abroad. To ...

We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...