FINANCING THE CURRENT ACCOUNT DEFICIT IN ROMANIA

Camelia Milea

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 157-164

Abstract: In Romania, the current account has a negative balance every year since 1990. In the article [1], the author aims to analyse the ways of financing Romania's current account deficit, considering the importance of the financing structure for the sustainability of the external imbalance, and implicitly, of the economic development. It is found that after 1990, the current account deficit has been covered mostly by external flows non-generating of debt, but in recent years, its financing has worsened in terms of sources and costs. From the analysis, we can also notice an increased dependence of Romania on foreign direct investments (FDI) from the European Union countries, on the economic and political evolution of this entity. The methodology used joins the descriptive, theoretical and empirical analysis of statistical data and their interpretation, with the identification of causalities.

Keywords: foreign deficit; sources of financing; effects; costs (search for similar items in EconPapers)
JEL-codes: F14 F21 F32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:12:y:2024:i:1:p:157-164

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