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Factors Affecting Current Account in the Balance of Payments of Selected Western Balkan Countries

The Journal of Accounting and Management

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Title Factors Affecting Current Account in the Balance of Payments of Selected Western Balkan Countries
 
Creator Muharremi, Teuta Ismaili; "Europian University of Tirana"
 
Subject Western Balkan, approaches in analyzing balance of payments, current account deficit, financial account, financing, foreign direct investment
 
Description This paper elaborate on the difficulties and challenges of the selected Western Balkan countries (Albania, Kosovo, Macedonia, Bosnia and Herzegovina, Serbia, Montenegro) that all seems to have serious problems with regard to the sustainability of their current account. Given the lack of research in the area of the current account deficit, we decided to examine this topic and to use the international literature. The authors have used different methodologies to analyze the weight of the sustainability of the current account of a country's economy. After providing some insights about main approaches used for analyzing the balance of payments in general, this paper focus on data related to the stance of the current account of selected countries and it tries to explain some of the factors that are driving of the current account deficit. The paper claims that domestic production and increased volume of exports accompanied by stable flow of FDIs are the key elements of the framework for improving the current account of the balance of payments in this part of the world.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2016-01-20
 
Type Peer-reviewed Article
 
Format application/pdf
text/html
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/3134
 
Source The Journal of Accounting and Management; Vol 5, No 3 (2015): JAM
 
Language en
 
Relation http://journals.univ-danubius.ro/index.php/jam/article/download/3134/0
http://journals.univ-danubius.ro/index.php/jam/article/download/3134/0
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.