Munich Personal RePEc Archive

Marele pericol care planează asupra economiei

Georgescu, George (2004): Marele pericol care planează asupra economiei. Published in: Revista Bilant No. 4 (15. January 2005): pp. 58-63.


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The study is focusing on excessive current account deficits accumulation which is endangering the perspectives of Romania’s long-term external financial position. In order to reveal the real drivers of current account balance, the development of two distinctly components of the foreign trade has been examined, the importance of IPT (Inward Processing Trade) being highlighted.

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