the net purchase of financial assets in a country by foreigners. Put another way, the capital account balance is the net influx of money from overseas investors. It includes net purchases of domestic financial assets by foreigners minus net purchases of foreign financial assets by domestic citizens.
The capital account balance over short periods of time (e.g., a fortnight) is extremely volatile; over a period of a year, however, it usually offsets the current account balance. For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit.
The capital account balance over short periods of time (e.g., a fortnight) is extremely volatile; over a period of a year, however, it usually offsets the current account balance. For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit.
The capital account balance often permits a huge trade deficit to persist over several decades without a significant fall in the exchange rate of a nation's currency.
by Abu Yahya February 14, 2009
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1. The department that insists on gang-auditing the entire coporation. Accounting departments solve problems you didn't know you have in ways you don't understand. In God they trust, all others must bring data.
2. The process of hiding income by processing it through a large-turnover entity, who takes a premium from it, and then receiving the income from that entity to avoid suspicion from auditors and IRS.
2. The process of hiding income by processing it through a large-turnover entity, who takes a premium from it, and then receiving the income from that entity to avoid suspicion from auditors and IRS.
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(In discussion between managers) "Who can we get to do this amazingly menial and pointless job?"
"Pass it to the Accounts Monkey, he's such a loser"
"Pass it to the Accounts Monkey, he's such a loser"
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