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Development of international investment position in the selected new European Union member countries

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  • Mirdala, Rajmund

Abstract

In 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.

Suggested Citation

  • Mirdala, Rajmund, 2008. "Development of international investment position in the selected new European Union member countries," MPRA Paper 9504, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:9504
    as

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    File URL: https://mpra.ub.uni-muenchen.de/13044/1/MPRA_paper_13044.pdf
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    References listed on IDEAS

    as
    1. Martin Mandel & Vladimír Tomšík, 2006. "Přímé zahraniční investice a vnější rovnováha v tranzitivní ekonomice: aplikace teorie životního cyklu
      [Foreign direct investment and the external balance in a transition economy: the application o
      ," Politická ekonomie, University of Economics, Prague, vol. 2006(6), pages 723-741.
    Full references (including those not matched with items on IDEAS)

    More about this item

    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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