BIS Review 27/2005  contributions. Of course, these results are the product of our model-based analysis, with all of the strengths and weaknesses that model simulations entail; it would be useful to complement these findings with more direct historical and empirical analysis of the U.S. external imbalance.
This move followed the publication of the FSB’s Aggregation Feasibility Study2 in September 2014, which described the steps to be taken so that data reported across TRs can be aggregated and authorities can obtain a comprehensive view of the OTC derivatives market and activity.