International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 1174
Status : Paper published
Language : English
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Ercan Uygur
Session : 1A Keynote Session
Current Account Fragilities in the Balkan Countries
Current Account Fragilities in the Balkan Countries
- Prof. Dr. Ercan Uygur (Turkish Economic Association, Türkiye)
Abstract
The basic aim of this paper is to make an evaluation of the current account deficits in the Balkan countries. Particularly, sustainability of these deficits is explored for some countries on the basis of a criterion that makes use of variables including foreign debt ratio, growth rate, exchange rate, foreign interest rate and foreign trade balance ratio. Countries with significant current account deficit/GDP ratios include, in descending order, Albania, Bosnia Herzegovina, Turkey, Serbia and Macedonia. Sources of financing of the current account deficits, real exchange rates and inflation are other variables that are considered in the evaluations.
JEL codes: E30
Uygur, Ercan (2014). "Current Account Fragilities in the Balkan Countries" in Proceedings of International Conference of Eurasian Economies 2014, pp.1-1, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.01174
