## Current Account Balance Estimates for Emerging Market Economies

_IMF Working Papers, February 1, 2010_

## Source details

**Canonical URL:** [Current Account Balance Estimates for Emerging Market Economies](https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633)

## Other formats

- [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)

## Bibliographic details
- Authors: Jordi Prat, Leandro Medina, Alun H. Thomas
- Published: February 1, 2010
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451962994.001

---

### Methodology
- 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.

### Key Findings
- 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 Matter and Keywords
- Subject: Current account, Current account balance, Fiscal stance, Oil, Real exchange rates
- Keywords: current account norm, estimate, GDP, WP

---

## Content in this bundle

- **_wp1043 - Appendix I. Sample Characteristics.**
  - [_wp1043 - Appendix I. Sample Characteristics. (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2010/_wp1043.pdf.md){rel="alternate" type="text/markdown"}
  - [_wp1043 - Appendix I. Sample Characteristics. (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2010/_wp1043.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/current-account-balance-estimates-for-emerging-market-economies-23633_