02104cas a2200253 a 4500 AALejournalIMF007327 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462305247 1018-5941 BD-DhAAL BD-DhAAL Cashin, Paul. Are Middle Eastern Current Account Imbalances Excessive? / Paul Cashin, Samya Beidas-Strom. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamental determinants of the macroeconomic balance approach to current account determination (arising from the IMF's Consultative Group on Exchange Rate (CGER)) are augmented by determinants relevant to Middle Eastern economies' current account positions. The study also assesses the deviation of the actual medium-term current account position of three Middle Eastern subgroups of countries (emerging markets; low-income and fragile economies; and net oil exporters) from their medium-term current account norms. Key findings are that: augmentation of the fundamental determinants yields plausible Middle Eastern current account norms; and in comparison with the medium-term current account norm, the actual and projected current account imbalances of each of the three subgroups are typically not excessive. Mode of access: Internet Beidas-Strom, Samya. IMF Working Papers; Working Paper ; No. 2011/195 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/195/001.2011.issue-195-en.xml IMF e-Library