Development of international investment position in the selected new European Union member countries
AbstractIn the following paper we examine the main aspects of international investment position development in the selected new European Union member countries since the year 1999, with an emphasis on their international financial assets and liabilities structure. We assess the extent of the Bulgaria’s and Romania’s international financial integration compared with the Czech republic and the Slovak republic ones. The aim is to examine the main implications of the different economic performances of the countries on the selected aspects of their international financial integration. We also observe the main trends in their external capital structure development in terms of the relative importance of foreign direct investments, portfolio equity and debt investments and external debt. Finally, we explore the implications of the accumulated stock of external capital for future trade and current account balances development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 9504.
Date of creation: 09 May 2008
Date of revision:
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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- Martin Mandel & Vladimír Tomšík, 2006. "Foreign direct investment and the external balance in a transition economy: the application of life cycle theory," Politická ekonomie, University of Economics, Prague, University of Economics, Prague, vol. 2006(6), pages 723-741.
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