External financial developments in the transition economies

Article Abstract:

An overview of the the external financial positions of eastern Europe's transition economies in 1996 is presented. While most of the region's economies enjoyed continued expansion in the trade of goods and services, a sizable number of economies did not. In general, the region's current account balances deteriorated, and most countries developed deeper deficits. The Russian Federation enjoyed a large surplus, however.

Balance of Payments, Statistics, International trade, External debts, Capital movements, Foreign exchange reserves

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External financial developments in the transition economies

Article Abstract:

The current account balances of several European transition economies decreased in 1996. There were 10 nations with current account deficits more than 5% of their gross domestic product. Uncertainty about the growth of goods and services as well as surges in capital inflows are major issues for the region. Larger current account deficits are expected in 1997.

Baltic States

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