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And both of those nations, along with other rich east Asian countries like Singapore and Taiwan, have been running current account surpluses for years.
Historically, countries have moved from having "soft" currencies to "hard" (international traded) currencies after running current account surpluses for a significant period, and hence emerging as creditor countries.
The watchdog will be looking at the impact of free in-credit banking, which could be cross-subsidising the industry, as some banks insist that running current accounts loses them money.
Mr. Gore took a role in running Current, handpicking some hosts for the channel, including Keith Olbermann and Jennifer Granholm in 2011 and Mr. Olbermann's replacement, Eliot Spitzer, in 2012.
He said the present banking system was one where the costs of running current accounts fall disproportionately on a small group of customers: those that go overdrawn, and especially those that borrow without permission.
It is a further senior departure from the 61-year-old show, the world's longest running current affairs programme, following the exit of former editor Tom Giles in May.
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It has been running current-account surpluses for four decades.
Several of them became big importers of savings, running current-account deficits of 4% of GDP or more.
Of the 25 emerging economies monitored each week by The Economist, 19 are running current-account deficits (see article).
Many developing countries are running current-account surpluses, in order to be less dependent on foreign capital than they were a decade ago.
In 2006 he said that emerging economies were mildly disinflationary, because by running current-account surpluses they were adding more to global supply than to demand.
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