THE SUSTAINABILITY OF ROMANIA’S EXTERNAL DEBT DURING THE RECENT FINANCIAL CRISIS
Journal Title: CES Working Papers - Year 2014, Vol 6, Issue 2
Abstract
Between the sustainability of the current account deficit and the sustainability of the external debt there is a direct connection: the accumulation of external deficits generates in a certain degree the increase of the external debt stock and, at the same time, problems with its sustainability. The analysis of the external debt sustainability constitute a subject of interests for the researchers, both from a theoretical but also empirical point of view, offering various perspectives according to the economical background and future expectations of the international debtors and creditors. The main purpose of this article is to investigate the sustainability of Romania’s external debt during the recent financial crisis that determined without any doubt a reconfiguration of the worldwide economic architecture with reference to the main indicators that are considered by the literature in the field to be relevant in shaping the general framework of debt sustainability. This analysis may be perceived as a starting point for the responsible authorities to develop new strategies that would enable a proper management of the external debt in order to achieve high economic growth rates without any financial compromises.
Authors and Affiliations
Sorin Calea, Ioana Mihut, Mihaela Lutas
Keywords
Related Articles
- EP ID EP126742
- DOI -
- Views 116
- Downloads 0
THE LOYAL CUSTOMERS’ PERCEPTION REGARDING THE ONLINE BUYING PROCESS
The purpose of the research is to investigate the Romanian online customers’ perception as regards to the process of buying products from the Internet. The research objectives are: (1) to identify the advantages and disa...
FEATURES OF LOGISTIC SYSTEM ADAPTIVE MANAGEMENT
The study presents literature survey on enterprise logistic system adaptive management place and structure in the general enterprise management system. The theoretical basics of logistic system functioning, levels of its...
KEYNES’S EUROPEANISM AS SHOWN IN “THE ECONOMIC CONSEQUENCES OF THE PEACE”
European integration and enlargement, in the context of decreasing support of European country nationals, needs great men and great ideas standing with. J.M.Keynes proves in his book”The Economic Consequences of the Peac...
THE EU’S NEIGHBOURHOOD TRADE ARRANGEMENTS
The elusive outcome of the Doha Round has increased the importance of the preferential trade agreements worldwide. Currently, the EU`s trade policy is driven by preferential negotiations. European bilateralism is i...
THE DYNAMIC OF REGIONAL TRADE SPECIALISATION PATTERN IN ROMANIA
The paper analyses the evolution of the regional trade specialization pattern in Romanian regions, by studying the dynamic of their comparative advantages over the period 2000 - 2009. The study finds that, in almost all...