Basic Factors for Dynamics of Net International Investment Position: Polish Case
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2017, Vol 72, Issue 1
Abstract
The dynamics of changes of net foreign liabilities specifies the condition of financial sustainability of the country. It is important therefore to indicate these factors which decide on relations between net international investment position and GDP. This applies to the factors recorded in the balance of payments and to these, beyond this account - the valuation of foreign assets and liabilities. The value and the structure of net foreign liabilities is result of these decisions made in the past. These past choices have an impact on a significant part of the current account – specifically the net investment income, which as fixed by exogenous decisions, remain outside country’s management direct control. The decomposition of changes of the ratio of NIIP to GDP identifies the factors which, as in the case of Poland, determine country’s external balance sheet. These factors also indicate the freedom of choice for the decision-makers, if they have to alter foreign net liabilities of the country and their relationship with GDP.
Authors and Affiliations
Janusz Sawicki
Keywords
Related Articles
- EP ID EP223400
- DOI -
- Views 123
- Downloads 0
Digital operations – relationship outcomes in relationship management in a B2B setting
This article is based on the results of research carried out over nearly three years on sales, marketing, and procurement managers. Results presented in the paper showed a significant gap between the expectations in shap...
Revitalization as a form of evolution in urban spaces
The paper presents a new concept in the perception of the urban space revitalization process – not as a tool, but as a sign and formula of city transformation. Revitalization is determined by the awareness of the complex...
Perception of the Euro vs. the Economic Performance of EU States
While it is true that the euro area states have seen multiple benefits from the adoption of a single currency, some of them turned out to be disconcertingly vulnerable to the impacts of the 2007-2008 financial crisis. As...
Systemy rezerwy strategicznej w państwach członkowskich Unii Europejskiej
Celem artykułu jest określenie roli, jaką w zapewnieniu ciągłości dostaw energii elektrycznej w UE odgrywa system rezerwy strategicznej. Istota tego systemu tkwi bowiem w możliwości podtrzymania tej ciągłości w sytuacjac...
Financial characteristic of family-run companies
The aim of this paper is to make an attempt to establish similarities and differences in the range of chosen financial characteristics of family-run companies with reference to nonfamily operated companies working in the...