IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/24851.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/24851/1/MPRA_paper_24851.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonescu, Daniela, 2015. "Empirical analysis of foreign direct investments at NUTS 2 region, in European Union and Romania," MPRA Paper 65140, University Library of Munich, Germany.
    2. Georgescu, George, 2013. "România în perioada post-criză: investiţiile străine directe şi efecte asupra echilibrului financiar extern [Romania in post-crisis period: foreign direct investments and effects on external financ," MPRA Paper 46531, University Library of Munich, Germany.
    3. Georgescu, George, 2014. "International fragmentation of production. Local vulnerabilities and capitalization of heritage values in Romania," MPRA Paper 57255, University Library of Munich, Germany.
    4. Georgescu, George, 2016. "The world trade data distortion and its contagious impact. A brief comment on the WTO “Made in the World” initiative," MPRA Paper 69483, University Library of Munich, Germany.
    5. Zaman, Gheorghe & Georgescu, George, 2018. "Studiu retrospectiv privind comerțul exterior al României în ultimii 100 de ani [A retrospective study on Romania’s external trade in the past 100 years]," MPRA Paper 89707, University Library of Munich, Germany.
    6. 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.

    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)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:24851. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.