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 ...

China’s reported current account surplus rose from $55 billion in the second quarter of 2024 ($220 billion annualized, or just over a percentage point of GDP) to $148 billion (just under $600 billion ...

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Using a savings account for business may lead to bank scrutiny and compliance problems. Current accounts offer higher transaction limits and smoother business operations. Separate business and ...