As these countries posted current account deficits, northern European countries accumulated current account surpluses, exposing a widening competitiveness gap.

With huge current account and budget surpluses, it had accumulated international reserves of 600 billion by July.

Sweden accumulated a current account surplus of 53 of GDP, in contrast to America s 48 of GDP deficit.

China s Daring Depreciation

As of 31 December 2004, the accumulated fund balance in the special account amounts to 2,867,824, including a transfer of 399,728 during 2004.

Indeed, if we believe the IMF s projections, the world economy s accumulated current account surpluses would increase by almost 1 trillion between 2009 and 2012!

Its purpose is not to encourage the depreciation of the yen, despite complaints about the yen s depreciation.

And curtailing accelerated depreciation, the manufacturing production deduction, and the R D tax credit which account for about 80 of corporate tax expenditures would involve significant tradeoffs.

And accumulated and hoarded .

And accumulated and hoarded .

Restoring sustained growth requires real currency depreciation.

And accumulated wealth and hoarded it .

And accumulated wealth and hoarded it .

Even after depreciation, that 130 billion of extra annual income is capitalized at about 1.5 trillion of wealth, so the current account deficit, even at 1 trillion, is not overwhelmingly large.

As at 31 December 2003, the accumulated balance on the special account was 8,443,792, including an account receivable of 5,146,319 due from other organizations in the Vienna International Centre (VIC), of which 4,617,457 was due from the International Atomic Energy Agency (IAEA) alone.

And that means further depreciation of the dollar.

Rent is also accumulated every 5 minutes.

Who accumulated wealth and hoarded it , counting .

Who accumulated wealth and hoarded it , counting .

The extent of creditor countries losses would depend on the extent of the depreciation, giving them an interest in keeping the depreciation within bounds.

The asbestos removal programme is now progressing in accordance with the revised timeline, and the accumulated funds on the BMS special account are being utilized in accordance with the original purpose.

Dollar depreciation improves Europe s terms of trade and real income.

Experience showed that such collections were not accumulated overnight.

Hence, the associated funds are planned to be accumulated in a special account in order to be utilized when a sufficient funds balance is available for the implementation of these projects in due course.

So we expect a substantial depreciation premium on US interest rates.

The depreciation that followed the crisis helped accelerate recovery by boosting exports.

In cases where countries had accumulated significant arrears before benefiting from the Initiative, the transfer of budgetary revenue to the special account used to finance earmarked social expenditures implies additional expenditure, as arrears have to be cleared.

Countries have accumulated large reserves in order to insure against shocks.

and who accumulated wealth without spending it for a good purpose .

and who accumulated wealth without spending it for a good purpose .

But all of the options that might restore competitiveness require real currency depreciation.

Simply put, there must be dollar depreciation to keep global imbalances in check.

In principle, such a depreciation against all of the world s currencies is manageable.

A 20 dollar depreciation would therefore reduce Americans purchasing power by only 3 .

Rogoff s discussion about the debts accumulated after WWII is beside the point.

They have also accumulated large protracted arrears with the international financial institutions.

The depreciation expenses have gone up to 2.02 million against the budgeted amount of 0.9 million. The circumstances under which the depreciation expenses increased by 100 percent could not be satisfactorily explained to the Panel.

Depreciation is used to record the declining value of buildings and equipment over time.

UNOSAT has accumulated experience in training United Nations staff and also local authorities.

With China retaining its under valued currency policy, dollar depreciation can aggravate global deflationary forces.

The attempt to achieve them is bound to lead to competitive currency depreciation and protectionism.

Prior to the crisis, American consumers, on average, either saved nothing or accumulated debt.

That way, the accumulated wealth might make them very happy in their later years.

A return to a national currency and a sharp depreciation would quickly restore competitiveness and growth.

First, it contributes to yen depreciation and dollar appreciation as carry traders switch out of yen.