Glossary entry

Spanish term or phrase:

cuenta coriente

English translation:

current account

Added to glossary by Wendy Gosselin
Nov 27, 2015 16:14
8 yrs ago
1 viewer *
Spanish term

cuenta coriente

Spanish to English Bus/Financial Economics
A text about the Argentina economy in the 2000s. I know that, for an individual, the term would be "checking account", but that is clearly not right here.

Luego de la crisis de la Convertibilidad de 2001-2002, la conjunción de una serie de características de la macroeconomía potenció la recuperación económica: un tipo de cambio real comparativamente alto y estable, términos de intercambio históricamente elevados que permitieron mantener el superávit comercial a pesar de la baja producida en los saldos físicos, un resultado positivo de la cuenta corriente, la importante recuperación de las tasas de ahorro e inversión,...

Thanks!
Proposed translations (English)
3 +4 current account
Votes to reclassify question as PRO/non-PRO:

Non-PRO (2): Neil Ashby, patinba

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Proposed translations

+4
19 mins
Selected

current account

A current account trade surplus here;
Peer comment(s):

neutral Francois Boye : a current account is not quite a trade balance
24 mins
Thanks
agree Robert Carter : Agree with your term, but not your explanation. Francois is right: trade is not the only factor in a current account. See references.
43 mins
Thanks
agree Virginia Koolhaas : As an account of the Balance of Payments (BOP) http://www.investopedia.com/articles/03/061803.asp?layout=or...
47 mins
Thanks
agree Kieran Mc Kenna : Correct
1 day 17 hrs
Thanks
agree Sandra Cirera-García
2 days 18 hrs
Thanks
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks"

Reference comments

1 hr
Reference:

Current account

From the IMF:
The current account can be expressed as the difference between the value of exports of goods and services and the value of imports of goods and services.... The current account can also be expressed as the difference between national (both public and private) savings and investment.
http://www.imf.org/external/pubs/ft/fandd/basics/current.htm


From Investopedia:
The difference between a nation’s savings and its investment. The current account is an important indicator about an economy's health. It is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers.... The current account and the capital account are the two main components of a nation’s balance of payments.

http://www.investopedia.com/terms/c/currentaccount.asp
Peer comments on this reference comment:

agree Mary Gardner Hume
2 hrs
Thanks, Mary
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