Current account deficit and financial instability in the emerging countries in the European Union

Ionescu Cristian ()
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Ionescu Cristian: Academy of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 523-528

Abstract: There is a strong link between current account deficit and financial instability. This paper aims to study this relationship, taking into consideration the following: the short and long-term developments in the current account; the factors that determine the cyclical developments in the current account balance; the finance of the current account deficits; the connectivity between the current account and financial instability, given by the longterm sustainability of the current account deficit.

Keywords: financial instability; current account deficit; emerging countries; crises (search for similar items in EconPapers)
JEL-codes: F32 G23 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:523-528

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