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Global Financial Cycle and International Production Networks. International Investment Position of Romania through its Main Ingredients

Author

Listed:
  • Elena GURGU

    (Spiru Haret University, Faculty of Economic Sciences)

  • Aristide COCIUBAN

    (Spiru Haret University)

Abstract

In this article we intend to approach the global financial cycle and the international production networks, as well as Romania’s international investment position through its main components. The targets relate to: the global financial cycle and the recent experience of emerging economies, describing global production networks, the implications of extending international production networks, the influence of trade integration on economic development. Also, we approach the evolution of investments in our country in 2015, with reference to international reserves, gross external debt and net external debt. Drawn conclusions refer to mitigating the contagion effects generated by the increase of the degree of global financial integration.

Suggested Citation

  • Elena GURGU & Aristide COCIUBAN, 2016. "Global Financial Cycle and International Production Networks. International Investment Position of Romania through its Main Ingredients," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 3(1), pages 97-105, October.
    • Handle: RePEc:icb:wpaper:v:3:y:2016:i:1:97-105
    as

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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Vincent Reinhart & Christoph Trebesch, 2016. "Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015," American Economic Review, American Economic Association, vol. 106(5), pages 574-580, May.
    2. Richard Baldwin & Javier Lopez-Gonzalez, 2015. "Supply-chain Trade: A Portrait of Global Patterns and Several Testable Hypotheses," The World Economy, Wiley Blackwell, vol. 38(11), pages 1682-1721, November.
    3. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    global financial cycle; international production networks; emerging economies; gross external debt; net external debt; financial integration; international investment position;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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