Perspective ale sustenabilităţii contului curent al zonei euro (Perspectives on the Euro Area Current Account Sustainability)

The International Conference “Challenges of the Knowledge Society”, “Nicolae Titulescu” University, June 4-5, 2009

9 Pages Posted: 5 Feb 2018

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Razvan Stefanescu

University Dunarea De Jos Galati

Date Written: June 02, 2009

Abstract

English version is available at: https://ssrn.com/abstract=2013868

Romanian Abstract: Această lucrare investighează sustenabilitatea contului curent din Zona Euro prin utilizarea testelor de staţionaritate şi a tehnicilor de cointegrare. Rezultatele indică faptul că nu există cointegrare între tranzacţiile de credit şi de debit ale contului curent. In aceste circumstanţe contul curent al Zonei Euro poate fi considerat nesustenabil, reprezentând un aspect care trebuie să fie abordat în proiecţia politicilor viitoare.

English Abstract: This paper investigates the Eurozone current account sustainability by using unit root tests and cointegration techniques. The results indicate there is no cointegration between the credit and the debit transactions of the current account. In these circumstances the current account of the Euro Area could be considered as unsustainable, this being an aspect that has to be approached in projecting the future policies.

Note: Downloadable document is available in Romanian.

Keywords: current account, Euro Area, sustainability, cointegration, stationarity

JEL Classification: F10, F15, F40

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan, Perspective ale sustenabilităţii contului curent al zonei euro (Perspectives on the Euro Area Current Account Sustainability) (June 02, 2009). The International Conference “Challenges of the Knowledge Society”, “Nicolae Titulescu” University, June 4-5, 2009 . Available at SSRN: https://ssrn.com/abstract=3110875 or http://dx.doi.org/10.2139/ssrn.3110875

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Razvan Stefanescu

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

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