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

Rajmund Mirdala ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: financial integration; external capital structure; trade integration; transition economies (search for similar items in EconPapers)
JEL-codes: F15 F41 F36 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tra
Date: 2008-05-09
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Published in Regional Economy 3.13(2008): pp. 139-151

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http://mpra.ub.uni-muenchen.de/9504/ orginal version
http://mpra.ub.uni-muenchen.de/13044/ revised version

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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:9504

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