Assessment of conditions for the sustainability of the Baltic States balances'' of payments

Misiunas A. and Kregzdaite R.
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Misiunas A.: Vilnius University
Kregzdaite R.: Vilnius University

Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, 2012, issue 141, 21-23

Abstract: One of the main statistical accounts reflecting the link with the world is the balance of payments, the analysis whereof allows making judgements about the efficiency of international economic activity and drawing upon it in the process of forming eco-nomical policy. With the opening up of possibilities to borrow on international markets, countries can maintain current account deficits; however, it increases external debt, and countries may be faced with currency or debt crises. The paper reviews an in-tertemporal solvency constraint model for the current account of the balance of payments; intertemporal solvency validity condi-tions for the Baltic States are derived and checked.

Keywords: БАЛАНС ВЫПЛАТ; ТЕКУЩИЙ СЧЕТ; МЕЖВРЕМЕННАЯ ТЕОРИЯ ПЛАТЕЖЕСПОСОБНОСТИ; КОИНТЕГРАЦИЯ; СТАЦИОНАРНОСТЬ (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:scn:013723:14906428

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