Prat, Jordi; Medina, Leandro; Thomas, Alun H. - International Monetary Fund (IMF) - 2010
(CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies. We find … that the fundamental determinants of the equilibrium current account balances are similar to those identified by the CGER … current account norms for emerging markets. This paper also offers estimates for the equilibrium current account balances of …