Instability of the Balance of Payments in Countries of East-Central Europe

• Authors: Najlepszy E.
• Languages of publication: PL

Abstracts

EN

The developed economies of the European Union are generally characterized by relatively low and safe deficits in current accounts, while countries of East-Central Europe experience difficulties in coping with the ensuing gaps. The operation of market-based stabilization mechanisms is not adequately efficient in economies undergoing transformation. The remedy can be seen in the active government policies which may periodically introduce corrective measures. The success of interventionist policies in safeguarding equilibrium of payment balances and enhancing economic growth depends on the correct definition of the objectives of such policies, i.e. on the formulation of acceptable ceilings for the deficit in the medium term.

Keywords

EN

BALANCE OF PAYMENTS; EQUILIBRIUM; INSTABILITY; INTERVENTIONIST POLICIES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2006
• Issue: 1
• Pages: 9-26
• Document type: ARTICLE

Contributors

author

Najlepszy E.

• E. Najlepszy, Akademia Ekonomiczna w Poznaniu, al. Niepodleglosci 10, 60-967 Poznan, Poland

Identifiers

CEJSH db identifier

06PLAAAA01433157