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The External Balance Assessment Methodology: 2018 Update
The assessment of external positions and exchange rates is a key mandate of the IMF. This paper presents the updated External Balance Assessment (EBA) framework—a key input in the conduct of multilaterally-consistent external sector assessments of 49 advanced and emerging market economies—following the two rounds of refinements adopted since the framework was introduced in 2012 (as described in Phillips et al., 2013). It also presents new complementary tools for shedding light on the role of structural factors in explaining external imbalances and assessing potential biases in the measurement of external positions. Remaining challenges and areas of future work are also discussed.
Miss Nan
A biographical novel about Nancy Ann (Miss Nan) Kinkead and her experiences before and during the Civil War.
Effective Trade Costs and the Current Account: An Empirical Analysis
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries specializing in low trade cost sectors, such as manufacturing, tend to run current account surpluses. To test this view, we first infer comparative advantages and trade costs, by sector, within a large sample of countries for the period 1970–2014. Then we construct effective trade costs—trade costs weighted by sectoral comparative advantage—to gauge the height of a country’s overall trade costs. Results reveal that, although higher effective exporting costs are associated with lower current account balances, their impact is quantitatively limited; furthermore, the effective costs of importing often have no statistically significant effect.
King's Beloved Enemy Princess
He was the shrewdest, wisest, most cold-blooded and ruthless young Son of Heaven in the dynasty. She was the most mysterious and legendary Grand Princess of the Southern Tang Dynasty. She calmed the internal strife and supported the young Emperor. He wanted to unify the world, and she wanted to protect her home and her country. He had searched the entire world to kill her, but she had risen up every step of the way in his harem, and she was favored by six palaces. One day, when her secret identity was revealed, would he love her as he had ever loved her? At that time, he disregarded the courtesies of the court, and the officials of the court all disagreed, dispersing the six palaces for her, giving her a moment of favor. He said, "Susu, you are not only my queen, you are also a woman who wants to see the world with me." At this moment, above the jade steps, he was sitting on the Dragon Throne.
Sudden
The second book in the chronology has James Green finding a mission in life..and confronting men whose mission in life is to exterminate him. Sudden.
Female CEO’s Superior Master
Li Wenlong was the driver of the beautiful female leader, so he was well aware of how deep the female leader's background was ...
Monthly Bulletin
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Discovering music
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Sickish Prince is Scheming
The modern nurse dressed as the daughter of the imperial physician. She had a strong personality, but she met the sickly and useless Prince. It didn't matter, at least he could marry a rich second generation and live without worry! However, why would any of those princes come and find trouble with her husband? He could barely endure bullying her, but he could not tolerate bullying her husband! She slapped the table and stood up. Do you really think I'm Kitty when I don't show off? Let's see how she punches the prince, kicks the princess' wife, and stands up for her husband! However, why did she feel that her sickly husband was getting stronger and stronger? Could he be the legendary underling?
Only Death Can Tear Us Apart Book #2
My husband would have never thought that I had set up a bugging device under his bed. However, on our second anniversary of the wedding, I heard moans from another woman through the bugging device. My husband cheated on me! Even more, he took away our child, ignoring my pain! Who would believe that he was a doctor! Almost losing my life, I ran out of the room where he attempted to murder me. Then I met a guy, and he saved my life. I fell for my saviour, yet I did not know he was another man that would send me to hell...
