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This paper sets forth a new methodology for obtaining a consistent set of exchange rate realignments needed to accomplish international adjustment in current account imbalances to reach fundamental equilibrium exchange rates (FEERs). The approach is named the symmetric matrix inversion method (SMIM). It is symmetric in that it treats all countries considered equally rather than seeking exact adjustment for the United States and obtaining other adjustments residually. Country-specific impactdoi:10.2139/ssrn.1195162 fatcat:hzhqdsckozhzfez54oglls3qja