IMF paper on steps to adjust Middle Eastern current accounts

IMF headquarters in Washington DC

An International Monetary Fund paper, published on Thursday, says Middle East and Central Asian countries can take measures to rebalance their current account imbalances.

Samya Beidas-Strom and Paul Cashin, the paper's authors, employ a dynamic panel regression to examine the medium-term current account position of three subgroups of emerging market and developing countries in Central Asia and the Middle East.

Beidas and Cashin say countries in the Middle East and Central Asia can be divided

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