New Releases

This paper presents a framework to distinguish exchange rate movements driven by fundamentals from those caused by financial shocks, using UIP deviations. Applied to 25 EMDEs, it helps guide FX intervention and policy decisions.

Emerging Markets

This paper presents a framework to distinguish exchange rate movements driven by fundamentals from those caused by financial shocks, using UIP deviations. Applied to 25 EMDEs, it helps guide FX intervention and policy decisions.

Global Economy

This report analyses sources and implications of the further widening of global current account balances in 2025, discusses policy options, and provides the assessment of 30 of the world’s economies based on 2025 data and the refined External Balance Assessment methodology.