The global economy needs the surplus countries to sustain growth and reduce excess savings no easy task.

The larger deficits would also eliminate all of the excess saving that now underpins the current account surplus.

The US may reduce its deficits faster than it would in the non cooperative case, but only if surplus countries are working to reduce their excess savings.

Even more staggeringly, US borrowing now soaks up more than two thirds of the combined excess savings of all the surplus countries in the world, including China, Japan, Germany, and the OPEC states.

(h) Surplus

The excess of saving over investment has given Japan a current account surplus, allowing the country to finance all of the government borrowing domestically, with enough left over to invest in dollar denominated bonds and other foreign securities.

China s Excess Capacity Nightmare

The small excess of quarks over antiquarks led to a small excess of baryons over antibaryons.

Indeed, some Chinese authorities also maintain that renminbi appreciation would have no significant impact on China s trade balance because they believe that China s trade surplus is a reflection of excess saving and hence has nothing to do with the exchange rate.

A tax on oil, however, does not entail excess burdens. On the contrary, it implies excess benefits .

China s Shrinking Trade Surplus

If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

Access is good excess is bad.

The sound principle is excess collateral.

The End of China s Surplus

Excess of authority or contravention of instructions

Mill saw that excess demand for some particular set of assets in financial markets was mirrored by excess supply of goods and services in product markets, which in turn generated excess supply of workers in labor markets.

The last surplus was in 1974.

(p) Surplus due to Member States

The implication of this was clear. If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

Rather, it will increase banks excess reserve balances.

(d) Net excess (shortfall) of income over expenditure

But, whether caused by an excess of cable television, or an excess of debates themselves, this silly season has seemed especially prolonged, even frightening.

There is an enormous surplus of commanders.

(b) Surplus deficit position of the fund

But this excess growth has not been evenly spread.

Despite all this, massive excess bank reserves remain unlent.

Indeed, without adequate regulation, they are prone to excess.

The craving for excess wealth kept you people neglectful .

The craving for excess wealth kept you people neglectful .

(c) Interest income in excess of the budgetary estimates

From 2005 to 2008, China s bilateral surplus with the United States increased by 41 , and its trade surplus with Europe more than doubled.

Europe almost doubled its surplus in 2000 2003.

When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economy s productive capital.

CAMBRIDGE China s current account surplus the combination of its trade surplus and its net income from foreign investments is the largest in the world.

Incentive structures that encourage excess risk taking remain virtually unchanged.

Stopping the deployment of excess international search and rescue teams

Saudi Arabia also has a bilateral and multilateral surplus Americans want its oil, and Saudis want fewer US products. Even in absolute value, Saudi Arabia s multilateral merchandise surplus of 212 billion in 2008 dwarfs China s 175 billion surplus as a percentage of GDP, Saudi Arabia s current account surplus, at 11.5 of GDP, is more than twice that of China.

They observed that each province in British India, including Burma, had a surplus of foodgrains, and the annual surplus was 5.16 million tons (Bhatia, 1970).

Clay Shirky How cognitive surplus will change the world

This adds to the surplus by increasing firms profitability.

Germany s enormous current account surplus aggravates their problems further.

But the impact will extend beyond the surplus countries.

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .