Chapter 1 External Positions and Policies
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Language:
English
Print Publication Date:
17 Jul 2019
Keywords:
ESR; foreign currency; real GDP; trade balance; CA gap; CA deficit; value chain integration; currency pricing; CA surplus; Current account; Real effective exchange rates; Exchange rates; Current account deficits; Global; Africa; advanced economy; current account gap; IMF staff calculation; open economy; current account dynamics; Current account balance; Current account surpluses

Abstract

This overview chapter presents the evolution, outlook, and risks from global external positions and summarizes the external assessments of a globally representative set of economies for 2018, which are also detailed in Chapter 3, “2018 Individual Economy Assessments.” These assessments are multilaterally consistent and draw on inputs fom the latest vintage of the External Balance Assessment (EBA) methodology and consider a full set of external indicators, including current accounts, exchange rates, external balance sheets, capital flows, and international reserves. The chapter’s key objectives and concepts are summarized in Box 1.1

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Cover External Sector Report, July 2019
External Sector Report, July 2019
The Dynamics of External Adjustment
ISBN:
9781498318976
ISSN:
2617-3832
Publication Date:
17 Jul 2019
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781498318976.085
Pages:
116