The Greek Current Account Deficit:Is it Sustainable after all?

George Zombanakis, Constantinos Stylianou and Andreas S. Andreou
Additional contact information
Constantinos Stylianou: University of Cyprus
Andreas S. Andreou: University of Cyprus

No 98, Working Papers from Bank of Greece

Abstract: The large Greek current account deficit figures reported during the past few years have become the source of increasing concern regarding its sustainability. Bearing in mind the variety of techniques employed and the views expressed as regards the analysis and the assessment of the size of the current account deficit, this paper resorts to using neural network architectures to demonstrate that, despite its size, the current account deficit of Greece can be considered sustainable. This conclusion, however, is not meant to neglect the structural weaknesses that lead to such a deficit. In fact, even in the absence of any financing requirements these high deficit figures point to serious competitiveness losses with everything that these may entail for the future performance of the Greek economy.

Keywords: Neural Networks; Current Account Deficit Sustainability (search for similar items in EconPapers)
JEL-codes: C45 F32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2009-06
New Economics Papers: this item is included in nep-cmp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.bankofgreece.gr/BogEkdoseis/Paper200998.pdf Full Text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bog:wpaper:98

Access Statistics for this paper

More papers in Working Papers from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Anastasios Rizos ().