European sales account for 9% and Central and South America account for about 10% of revenue.
Thanks to a higher oil price and capital-account controls, the central bank's reserves are moderately healthy.
But America and Britain have done the opposite, running current-account deficits so that central banks in Asia and the Middle East have accumulated claims on them instead.
ECONOMIST: The retired are always supported by their children
However, high inflation and a wide current account deficit have constrained the central bank from lowering interest rates aggressively.
Holding the powerful to account is one of the central justifications for tabloid intrusion, and so there is an irony in the way the telephoto lens is now swinging around to face the other way.
MUMBAI--India is likely to record its widest-ever current-account deficit this fiscal year, central bank Governor Duvvuri Subbarao said Monday.
Moreover, even if one accepts that central banks should take account of asset prices only if they are expected to feed into future inflation, America's monetary policy has been too lax.
Most central banks already take some account of asset prices in making inflation forecasts.
The idea that central banks need to take account of asset prices when setting monetary policy is hardly new.
ECONOMIST: Should central banks try to target asset-price inflation?
They are counting on land sales and property taxes for less than 17% of their revenues this year, according to Vincent Chan of Credit Suisse, once fiscal transfers from the central government are taken into account.
ECONOMIST: China��s economic boom can survive a property bust
Central banks also need to take more account of the increase in debt and exceptional rises in asset prices.
The Reserve Bank of India, the country's central bank, has flagged the current account gap along with high inflation as major constraints to rate cuts that many believe are necessary to revive economic growth.
This figure does not take into account grants for new responsibilities handed to the council from central government.
In a distributed network, however, the central server is removed, and the user account passes information directly to another user who requests it.
FORBES: Rethinking The Social Network: 3 Open-Source Alternatives To Facebook
Sorrell is going to buy companies in these high-growth regions--including central and eastern Europe--until they account for a third of the group's total business.
Well I think the European Central Bank has to take economic activity into account and not merely prize stability, that's an old-fashioned doctrine and that would be my, the point I would try to make.
Many of us learned in economics 101 that banks create money by depositing the proceeds of a loan in the borrower's checking account, but the total money created is controlled by central banks through the minimal reserves that banks must maintain with them, the fractional reserve system.
More often it simply means different rules: central banks need to take asset prices more into account in their decisions.
Central bank data last week showed the current-account gap widened to a record 6.7% of GDP in the October-December quarter, from 5.4% in the preceding quarter.
If China's economy continues to overheat, its current-account surplus could soon turn to deficit, and then its central bank would no longer need to buy American Treasuries to hold down its currency.
By buying Treasury and government-agency debt, central banks have financed America's current-account deficit, and pushed down bond yields and mortgage rates, allowing America's consumer spending and borrowing binge to continue for longer.
"Spending power" takes into account both the core "formula grant" which councils get from central government and other income - council tax and other grants.
Egyptian officials are becoming worried as savings account withdrawals increase in the face of a depreciating pound and public rumors of central bank confiscation of deposits.
Mr Kutner, of no fixed address, also faces two charges relating to renting Miss Waugh's property at Tressard Court, Marylebone, central London, and one of unlawfully withdrawing funds from her bank account.
Mr Alaka disputes the account by the Ugandan army, which says it seized Mr Acellam in the Central African Republic, one of several nations where the Ugandan-led LRA operates, following a struggle between Ugandan soldiers and a group of 30 rebels.
The longer-term challenge for the Fed and other central banks is to build a new monetary-policy framework that takes account of recent structural changes in the global economy, such as the integration of China.
ECONOMIST: Yesterday's financial architecture needs refurbishing
India's central bank instructed the country's lenders to stop processing current-account transactions with Iran using the Asian Clearing Union, and told Indian firms they couldn't use the mechanism to pay for oil or gas imports.
The Scottish government is cutting the amount it gives councils by an average of 2.6% but the exact amount varies as central government money is distributed to councils through a complicated formula which takes account of several different factors about the area's population.
The company has operations in the Middle East, Central Asia, the Asian-Pacific region and North America, but China projects account for 83% of revenue.
Central and Eastern Europe, Central and East Asia, Latin American and the Caribbean on the other hand together account for only 11 % of the global shortage of teachers required to meet the 2015 target for achieving universal primary education.
应用推荐