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Deficitul de cont curent: Maladie cronică a economiei româneşti ?
[Current Account Deficits: A Chronic Disease of the Romanian Economy?]

Author

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  • Georgescu, George

Abstract

The study is emphasizing the weak performances of the Romanian economy, unable to turn positive the current account deficits. On the contrary, because of rising problems in deficits financing through autonomous flows, the debt accumulation could lead Romania on the brink of entering a financial turmoil. The adverse impact of slowing IPT flows and the side effects of increasing FDI stock could bring more close the time horizon of this dramatic perspective. Even if the current account deficits persistently overcame the warning level (as % of GDP), it seems obvious that the Romanian governmental and monetary authorities have not been aware of the threats, not taken any action to address external imbalances, as policies focused on sound structural reforms and exports’ sustaining.

Suggested Citation

  • Georgescu, George, 2007. "Deficitul de cont curent: Maladie cronică a economiei româneşti ? [Current Account Deficits: A Chronic Disease of the Romanian Economy?]," MPRA Paper 24851, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24851
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    File URL: https://mpra.ub.uni-muenchen.de/24851/1/MPRA_paper_24851.pdf
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    References listed on IDEAS

    as
    1. Georgescu, George, 2006. "Inward Processing Trade and Implications for the Balance of Payments Current Account (The Case of Romania)," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 3(1), pages 24-31, March.
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    Cited by:

    1. Georgescu, George, 2007. "Current Account Deficits and Implications on Country Risk of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 88-96, December.

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    More about this item

    Keywords

    Foreign Trade; Foreign Direct Investments; Current Account Deficit; External debt; Economic Growth; Country Risk;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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