The External Balance Assessment (EBA) Methodology
IMF Working Papers, December 31, 2013
Source details
- Canonical URL
- The External Balance Assessment (EBA) Methodology
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Bibliographic details
- Authors: Steven T Phillips, Luis Catão, Luca A Ricci, Rudolfs Bems, Mitali Das, Julian Di Giovanni, Filiz D Unsal, Marola Castillo, Jungjin Lee, Jair Rodriguez, Mauricio Vargas
- Published: December 31, 2013
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484346686.001
Overview
- The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner.
- EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions.
- The paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.
Key features and focus
- Distinguishes empirical analysis from normative assessment of current accounts and exchange rates.
- Highlights the roles of policies and policy distortions in external positions.
- Presents the 2013 version (“2.0”) of the EBA methodology and discusses further development areas.
Authors and citation
- By Steven T Phillips, Luis Catão, Luca A Ricci, Rudolfs Bems, Mitali Das, Julian Di Giovanni, Filiz D Unsal, Marola Castillo, Jungjin Lee, Jair Rodriguez, Mauricio Vargas
- Date: December 31, 2013
- Citation format provided on the source: Steven T Phillips, Luis Catão, Luca A Ricci, Rudolfs Bems, Mitali Das, Julian Di Giovanni, Filiz D Unsal, Marola Castillo, Jungjin Lee, Jair Rodriguez, and Mauricio Vargas. "The External Balance Assessment (EBA) Methodology", IMF Working Papers 2013, 272 (2013), accessed 6/25/2026, https://doi.org/10.5089/9781484346686.001
Subjects and keywords
- Subject: Balance of payments, Capital controls, Current account, External balance assessment (EBA), External position, Foreign exchange, Real effective exchange rates, Real exchange rates
- Keywords: Africa, benchmark CA regression specification, CA assessment, CA balance, CA regression, CA value, Capital controls, current account, EBA regression, EBA regression model, EBA regression specification, ES CA gap, exchange rates, External balance assessment (EBA), fiscal policy, GDP ratio, Global, global imbalances, monetary policy, net foreign assets, output gap, Real effective exchange rates, Real exchange rates, REER regression, sample period, trade balance, WP
Additional note from the source
- Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
The External Balance Assessment (EBA) Methodology, IMF Working Papers 2013, 272 (2013).
Content in this bundle
- The External Balance Assessment