As I note later, to the extent that an economy harbors elements of inflexibility, so that prices and quantities are slow to respond to new developments, the process of current account adjustment, besides affecting prices of goods and financial assets, is also more likely to adversely affect the levels of output and employment as well.
BIS central bankers’ speeches  1  Again I recall that towards the end of last year, the IMF approached most of our countries to consider joining the Enhanced Data Dissemination Initiative (EDDI).