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The effect of the milieu and the financial crisis on the economic stability of the EU Member States

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  • Emil Panusheff

Abstract

The impact of international economic relations of the new EU member states are investigated. The trends of their involvement in imports and exports of goods and services are formulated, highlighting the reflection of the crisis on the state of balance of payment. The influence of the capital flows and the external financing on the economic sustainability of the newly member states is evaluated. The inflows and outflows of foreign direct investments are analyzed in view of the balance of payment status as a prerequisite for stability and to determine the effect of the global financial crisis. Conclusions are made on the sustainability of the member states to utilize the integration advantages in their interrelations with other countries and regions.

Suggested Citation

  • Emil Panusheff, 2011. "The effect of the milieu and the financial crisis on the economic stability of the EU Member States," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 64-80.
    • Handle: RePEc:bas:econth:y:2011:i:2:p:64-80
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    References listed on IDEAS

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    1. Mr. Daniel Leigh & Ms. Stefania Fabrizio & Mr. Ashoka Mody, 2009. "The Second Transition: Eastern Europe in Perspective," IMF Working Papers 2009/043, International Monetary Fund.
    2. Stefania Fabrizio & Daniel Leigh & Ashoka Mody, 2009. "The second transition: Eastern Europe in perspective," European Economy - Economic Papers 2008 - 2015 366, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Mr. Martin Cihak & Mr. Wim Fonteyne, 2009. "Five Years After: European Union Membership and Macro-Financial Stability in the New Member States," IMF Working Papers 2009/068, International Monetary Fund.
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    More about this item

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications

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