The External Balance Assessment (EBA) Methodology

@inproceedings{Phillips2013TheEB,
  title={The External Balance Assessment (EBA) Methodology},
  author={Stanley D. Phillips and Lu{\'i}s A. V. Cat{\~a}o and Luca Ricci and Rudolfs Bems and Mitali Das and Julian di Giovanni and Derya Filiz Unsal and M. A. Sastre Castillo and Jungjin Lee and Jair Carlos Vargas Rodr{\'i}guez and Manuel Jesus Marcapura Vargas},
  year={2013}
}
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… CONTINUE READING

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