In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between expenditure and production, producing external imbalance, i.e. a huge surplus on the current account of the balance of payments. This paper explores the current state of the external imbalance in China, and reviews the factors underlying the pre-2008 rising and the post-2008 drop in China’s current account surplus. The paper says that China’s current account surplus must be modest in recent years. However, despite the fact that China’s recent current account is likely to stay below its precrisis range, it is too early to conclude that “rebalancing” has been truly achieved in China. Certainly, the policy thrust of the 12th Five Year Plan is very much focused on raising household income, boosting consumption, and facilitating an expansion of the service sector. In the coming years, if these ongoing structural reforms are implemented, China does have the potential to hand-off from an investment-driven to a consumption-driven decline in its external imbalance.

In the globalization and free trade era, the current account deficit problem is a common phenomenon experienced by most countries, both developing and developed countries. Also with managed floating regime of exchange rate, it becomes very important to analyze the dynamics of current account balance which determine the trade. The deficit condition has lasted for four years in Indonesia, as well the deficit value above the value of the surplus that has been experienced during the period 2005-2011. This study is firstly aim to examine the condition of the deficit which happens in the export and import, manufactured goods and oil and gas, whether related to the transaction of goods and services. We try to build a predicted model which near the actual. Then, the focuses examines an exchange rate volatility impact on current account deficit. The model used in this research is a simultaneous model of Indonesia current account deficit from 2005 to 2014. The simulation result indicated that depreciation increase surplus to current account deficit. The decrease of export manufactured goods (non oil and gas) higher than the increase of import. For the oil and gas sector, depreciation of the rupiah against the US dollar results in an increased burden of higher oil and gas imports due to import transactions.

복잡한 수심을 가진 연안해역에서 조석, 바람과 파랑에 의해 발생된 흐름의 영향까지를 고려한 파랑모델의 도입은 대부분의 해안공학 설계나 방재 문제에 매우 중요한 요소이다. 근해역에서 수심변화에 의한 굴절 및 천수효과, 흐름에 의해 유발되는 굴절효과, 파형경사에 따를 쇄파, 회절, 바람에 의한 파의 성장, 파랑 상호간의 간섭, 파랑과 흐름의 상호 간섭 및 에너지 재분포 등을 다룰 수 있다는 점에서 정상상태 스펙트럼 모델의 현장 전용은 지금까지 여러 모델이 다루지 못한 부분을 해소하게 될 것이다. 본 연구에서는 부산 신항만 건설이 이루어지고 있는 가덕인접의 넓은 수역에 대해 파랑의 변환과정을 보다 합리적으로 해석하기 위해 스펙트럼 모델을 적용하고 기존의 모델 결과와 비교 분석하는 것을 골자로 하고 있다. 이러한 시도가 가까운 장래에 항만설계 및 방재시스템 분야에서 보다 안전하고 널리 스펙트럼 모델을 적용하게 하는 계기가 되도록 의도하였다.