THE BALANCE OF PAYMENTS' SUSTAINABILITY AND THE EUROZONE ACCESSION CONVERGENCE CRITERIA

D.B. Anca Hategan () and Adrian Negrea ()
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D.B. Anca Hategan: University of Oradea, Faculty of Economic Sciences
Adrian Negrea: University of Oradea, Faculty of Economic Sciences

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 111-118

Abstract: The main purpose of the balance of payments (BoP) is identified as representing the long term need of equilibrium and stability of the international payments and revenues. The purpose of this paper is to determine the factors that influence the balance of payments of a certain country, by using a rigorous classification that reveals the complexity of these factors. Our conclusions are very relevant, especially for countries like Romania, because, in order to achieve the external equilibrium, it seems that every county must adopt a mix of internal economic policies, and although theoretically this can be realised, sometimes in practice it can prove to be impossible on account of inability or refusing to combine the appropriate economic policies.

Keywords: balance of payments; sustainability; Euro area; convergence criteria; foreign direct investments; portfolio investments; external operations (search for similar items in EconPapers)
JEL-codes: F15 F32 F33 O11 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:111-118

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