Since the mid-1990s, sustainability of large and persistent current account positions have been attracting much attention from policy makers and economists alik

The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including

This study presents a notion of current-account sustainability that explicitly considers, in addition to intertemporal solvency, a willingness to pay and to len

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a

The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing cur