HATEGAN D.B. Anca

Publications (2)0 Total impact

• Source

  Available from: steconomiceuoradea.ro

  Article: THE BALANCE OF PAYMENTS SUSTAINABILITY AND THE EUROZONE ACCESSION CONVERGENCE CRITERIA

  HATEGAN D.B. Anca, Adrian NEGREA
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  ABSTRACT: The main purpose of the balance of payments (BoP) is identified as representing the long term need of equilibrium and stability of the international payments and revenues. The purpose of this paper is to determine the factors that influence the balance of payments of a certain country, by using a rigorous classification that reveals the complexity of these factors. Our conclusions are very relevant, especially for countries like Romania, because, in order to achieve the external equilibrium, it seems that every county must adopt a mix of internal economic policies, and although theoretically this can be realised, sometimes in practice it can prove to be impossible on account of inability or refusing to combine the appropriate economic policies.
  Annals of the University of Oradea : Economic Science. 01/2010;
• Source

  Available from: steconomiceuoradea.ro

  Article: THE CURRENT ACCOUNT DEFICIT AND THE FIXED EXCHANGE RATE. ADJUSTING MECHANISMS AND MODELS.

  Adrian NEGREA, HATEGAN D.B. Anca
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  ABSTRACT: The main purpose of the paper is to explain what measures can be taken in order to fix the trade deficit, and the pressure that is upon a country by imposing such measures. The international and the national supply and demand conditions change rapidly, and if a country doesn’t succeed in keeping a tight control over its deficit, a lot of factors will affect its wellbeing. In order to reduce the external trade deficit, the government needs to resort to several techniques. The desired result is to have a balanced current account, and therefore, the government is free to use measures such as fixing its exchange rate, reducing government spending etc. We have shown that all these measures will have a certain impact upon an economy, by allowing its exports to thrive and eliminate the danger from excessive imports, or vice-versa. The main conclusion our paper is that government intervention is allowed in order to maintain the balance of the current account.
  Annals of the University of Oradea : Economic Science. 01/2010;