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- Title
THE CURRENT ACCOUNT OF ROMANIA - EVOLUTION, FACTORS OF INFLUENCE, FINANCING.
- Authors
MILEA, Camelia
- Abstract
The balance of the current account is a tool used to establish the level of economic development of a country, its international specialization and its degree of dependence on foreign markets. Based on the analysis of a few indicators considered relevant by the author, the article9 aims to present the evolution of Romania's current account balance and of its components during the period 2005-2013, showing the determinants, and highlighting the extent to which the crisis has been one of the factors influencing Romania's current account, Also, the ways of financing Romania's current account deficit will be analysed, highlighting the advantages and disadvantages of this type of financing.
- Subjects
ROMANIA; ECONOMIC development; DEFICIT financing; INTERNATIONAL division of labor; ACCOUNT balance aging; DEPENDENCE (Statistics)
- Publication
Financial Studies, 2014, Vol 18, Issue 1, p41
- ISSN
2066-6071
- Publication type
Article