Mechanisms and Policies for Romanian Balance of Payments' Equilibrium

Andreea Gagea () and Anca-Maria Stanculescu ()
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Andreea Gagea: Academy of Economic Studies, Bucharest
Anca-Maria Stanculescu: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 55-59

Abstract: The article analyses Romania`s balance of payments` evolution and point out mechanisms and appropriate policies for its` internal and external equilibrium. The results of the analysis reveal that Romania's balance of payments is still in an unfavorable imbalance situation, but there are also signs of recovery in terms of commercial deficit. In the last years, Romania`s current account deficit has shrunk rapidly on the back of a collapse in imports and a falling financial account surplus. However, going forward, it is expected a more sustainable balance of payments position on the medium term.

Keywords: balance of payments; commercial deficit; imports (search for similar items in EconPapers)
JEL-codes: F30 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:55-59

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