Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends
The article analyzes the dynamics of the current account of the balance of payments of Ukraine, which indicates the persistence of its imbalances. The accumulated current account deficits preceded economic crises, confirming the hypothesis that the countries that demonstrate sustained current accoun...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2017-05-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2017-5_0-pages-170_177.pdf |
| _version_ | 1819319238554288128 |
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| author | Bazhenova Olena V. |
| author_facet | Bazhenova Olena V. |
| author_sort | Bazhenova Olena V. |
| collection | DOAJ |
| description | The article analyzes the dynamics of the current account of the balance of payments of Ukraine, which indicates the persistence of its imbalances. The accumulated current account deficits preceded economic crises, confirming the hypothesis that the countries that demonstrate sustained current account deficits on the eve of crises suffer significant losses as a result of their occurrence. The main tendencies in Ukraine in the context of imbalances in investment and savings were analyzed. It has been shown that GDP growth was not accompanied by an increase in the current account deficits, which also signals its volatility. The current account deficit is attributable mainly to the negative net export balance that shows a decline in the foreign exchange earnings to resettle and service the previously accumulated external debt, which became especially actual in the last three years. The calculation of balance of the current account of Ukraine on the basis of its components and in accordance with the financial and capital accounts data has revealed a significant volume of hidden exports. Moreover, in recent years, the deterioration of situation in the context of external sustainability is determined by a combination of current account deficits and a rapid increase in the debt burden on the economy. |
| first_indexed | 2024-12-24T11:00:31Z |
| format | Article |
| id | doaj.art-ed6d447c21ec48079944590172505ad7 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-24T11:00:31Z |
| publishDate | 2017-05-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-ed6d447c21ec48079944590172505ad72022-12-21T16:58:43ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-05-015472170177Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern TrendsBazhenova Olena V.0Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Cybernetics, Kyiv National University named after T. ShevchenkoThe article analyzes the dynamics of the current account of the balance of payments of Ukraine, which indicates the persistence of its imbalances. The accumulated current account deficits preceded economic crises, confirming the hypothesis that the countries that demonstrate sustained current account deficits on the eve of crises suffer significant losses as a result of their occurrence. The main tendencies in Ukraine in the context of imbalances in investment and savings were analyzed. It has been shown that GDP growth was not accompanied by an increase in the current account deficits, which also signals its volatility. The current account deficit is attributable mainly to the negative net export balance that shows a decline in the foreign exchange earnings to resettle and service the previously accumulated external debt, which became especially actual in the last three years. The calculation of balance of the current account of Ukraine on the basis of its components and in accordance with the financial and capital accounts data has revealed a significant volume of hidden exports. Moreover, in recent years, the deterioration of situation in the context of external sustainability is determined by a combination of current account deficits and a rapid increase in the debt burden on the economy.http://www.business-inform.net/export_pdf/business-inform-2017-5_0-pages-170_177.pdfcurrent account of the balance of paymentsexternal stabilityeconomic growthdeficit on current accountstability of current account deficits |
| spellingShingle | Bazhenova Olena V. Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends Bìznes Inform current account of the balance of payments external stability economic growth deficit on current account stability of current account deficits |
| title | Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends |
| title_full | Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends |
| title_fullStr | Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends |
| title_full_unstemmed | Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends |
| title_short | Evaluating the Sustainability of the Current Account Deficits of Ukraine: the Modern Trends |
| title_sort | evaluating the sustainability of the current account deficits of ukraine the modern trends |
| topic | current account of the balance of payments external stability economic growth deficit on current account stability of current account deficits |
| url | http://www.business-inform.net/export_pdf/business-inform-2017-5_0-pages-170_177.pdf |
| work_keys_str_mv | AT bazhenovaolenav evaluatingthesustainabilityofthecurrentaccountdeficitsofukrainethemoderntrends |