The External Balance Assessment (EBA) Methodology
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Summary:
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. Compared to other approaches, 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. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.
Series:
Working Paper No. 2013/272
Subject:
Balance of payments Capital controls Current account External balance assessment (EBA) External position Foreign exchange Real effective exchange rates Real exchange rates
English
Publication Date:
December 31, 2013
ISBN/ISSN:
9781484346686/1018-5941
Stock No:
WPIEA2013272
Pages:
68
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