Real Convergence and the Balance of Payments

Angana Banerji and Juha Kähkönen

Chapter 7 in Real Convergence in Central, Eastern and South-Eastern Europe, 2009, pp 166-197 from Palgrave Macmillan

Abstract: Abstract Balance of payments pressures are building up in emerging Europe as it pursues real convergence with the EU-15.1 Current account deficits have widened to record levels in many countries in the region. These deficits are being financed by massive capital inflows due to various push and pull factors. Rapid integration of, and ample liquidity in, global financial markets have abetted this process. Many of the standard indicators of macroeconomic vulnerability are flashing red, and policy makers have to decide how to deal with the balance of payments pressures.

Keywords: Foreign Direct Investment; International Monetary Fund; Euro Area; Total Factor Productivity Growth; Capital Inflow (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23543-4_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230235434

DOI: 10.1057/9780230235434_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().