| | There is a statistically significant relationship between the real exchange rate and the current account deficit. |
| | The modest role of the exchange rate in the process of bringing the current account balance into equilibrium has been recognized. |
| | They mention that there is a high impact of the exchange rate on the current account. Also, a positive effect of real exchange rate depreciation on the current account deficit exists. |
| | A more flexible exchange rate regime significantly improves the rate of current account adjustment (in Central, Eastern and South-East Europe). |
| | It has been found that a lower exchange rate volatility is related to a larger current account deficit. |
| | During the global economic crisis, the impact of the exchange rate on the current account was decreased, so the application of currency devaluation as a suitable instrument for decreasing the external disequilibrium in those countries is not proper. |
| | By analyzing two groups of countries—the EU periphery and core member states—say that the real exchange rate has a substantial impact on the current account balance of payments. |
| | By analyzing all G7 countries during the 1990s they have shown that temporary shocks have not been the main source of fluctuation in the current account since the 1990s. |