{
  "title": "Current Account Balance Estimates for Emerging Market Economies",
  "publication": "IMF Working Papers, February 1, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633",
  "overlayPath": "/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/index.md",
  "summary": "This paper uses a modified version of the methodology used by the IMF's Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies.",
  "sections": [
    {
      "heading": "Methodology",
      "content": "- Uses a modified version of the methodology employed by the IMF's Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or “norms”).\n- Sample: 33 emerging market economies.\n- Also provides estimates for eleven smaller emerging market economies not included in the CGER country sample."
    },
    {
      "heading": "Key Findings",
      "content": "- The fundamental determinants of the equilibrium current account balances for the emerging market sample are similar to those identified by the CGER when its sample includes advanced economies.\n- The fiscal balance has a considerably stronger impact on current account norms for emerging markets compared with the CGER findings for mixed samples of advanced and emerging economies."
    },
    {
      "heading": "Subject Matter and Keywords",
      "content": "- Subject: Current account, Current account balance, Fiscal stance, Oil, Real exchange rates\n- Keywords: current account norm, estimate, GDP, WP\n\n---\n\n Content in this bundle\n\n- wp1043 - Appendix I. Sample Characteristics.\n  - wp1043 - Appendix I. Sample Characteristics. (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1043 - Appendix I. Sample Characteristics. (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/bundle-manifest.json)",
    "Authors: Jordi Prat, Leandro Medina, Alun H. Thomas",
    "Published: February 1, 2010",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451962994.001",
    "Uses a modified version of the methodology employed by the IMF's Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or “norms”).",
    "Sample: 33 emerging market economies.",
    "Also provides estimates for eleven smaller emerging market economies not included in the CGER country sample.",
    "The fundamental determinants of the equilibrium current account balances for the emerging market sample are similar to those identified by the CGER when its sample includes advanced economies.",
    "The fiscal balance has a considerably stronger impact on current account norms for emerging markets compared with the CGER findings for mixed samples of advanced and emerging economies.",
    "Subject: Current account, Current account balance, Fiscal stance, Oil, Real exchange rates",
    "Keywords: current account norm, estimate, GDP, WP",
    "**_wp1043 - Appendix I. Sample Characteristics.**"
  ],
  "related": [
    {
      "title": "_wp1043 - Appendix I. Sample Characteristics.",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2010/_wp1043.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2010/_wp1043.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2010/_wp1043.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/index.md",
    "json": "/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T11:29:17.764Z"
}