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A Set of Ten Relevant Statistical Indicators of Romania’s External Debt Today

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  • Luiza APOSTOL

    (University of Pitesti)

Abstract

This paper contains an analysis of the evolution of Romania’s trade balance and the relevant indicators of the external debt in the period 2000-2012. Trade balance deficits are the main cause of the negative current account balance, of the external imbalance and the need to resort to external borrowing in order to strike an equilibrium of the balance of foreign payments. Over the entire period analyzed, the trade balance closely follows the current account developments. The aim of the statistical analysis is, in this case, identifying imbalances, unbalanced developments or the combination of various trends and factors to generate serious imbalances.

Suggested Citation

  • Luiza APOSTOL, 2014. "A Set of Ten Relevant Statistical Indicators of Romania’s External Debt Today," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(1), pages 67-78, January.
    • Handle: RePEc:rsr:supplm:v:62:y:2014:i:1:p:67-78
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    2. Tobias Knedlik & Gregor Von Schweinitz, 2012. "Macroeconomic Imbalances as Indicators for Debt Crises in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 50(5), pages 726-745, September.
    3. Carmen M. Reinhart & M. Belen Sbrancia1, 2015. "The liquidation of government debt," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 30(82), pages 291-333.
    4. Gheorghe Săvoiu & Vasile Dinu & Laurenţiu Tăchiciu, 2012. "Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 173-194, February.
    5. Giurgiu Adriana, 2011. "Is There Any Correlation Between The Chronic Balance Of Trade Deficit And The Romania'S Increasing External Debt?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 842-849, December.
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