The Transfer and Adjustment Problems in the Balkans (Record no. 8761)

MARC details
000 -LEADER
fixed length control field 02787nam a22003377u 4500
001 - CONTROL NUMBER
control field pwiiw4074
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260516120107.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 161105t2016 au ||||| |||| 00| ||eng d
040 ## - CATALOGING SOURCE
Transcribing agency OSt
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
084 ## - OTHER CLASSIFICATION NUMBER
Classification number E12
-- E44
-- F32
-- F34
Number source jelc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Gligorov, Vladimir
245 10 - TITLE STATEMENT
Title The Transfer and Adjustment Problems in the Balkans
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Wien :
Name of publisher, distributor, etc. Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
Date of publication, distribution, etc. 2016.
490 1# - SERIES STATEMENT
Series statement wiiw Balkan Observatory Working Papers
Volume/sequential designation 125
520 ## - SUMMARY, ETC.
Summary, etc. Abstract<br/><br/>How to deal with significant external imbalances due to persistent cross-border financial flows which eventually dry out while accumulated foreign debts need to be financed from increased exports? Keynes and Ohlin, primarily, debated an apparently more specific issue of unilateral transfers in the case of German reparations after the World War I and that debate has had lasting influence on the theory of trade and international finance and even on the understanding of the dynamics of exchange rates in financial and fiscal adjustment. These issues have resurfaced in the discussions of financial crisis in a monetary union, like that of the euro area.<br/><br/><br/><br/>The aim of this essay is to use the arguments presented in this debate and in subsequent clarifications  and extensions to understand the development of external imbalances in the Balkans and the prolonged adjustment in the context of the financial crisis after 2008. The motivation is that this is an important topic in international macroeconomics and a recurrent problem in this region, though I will look more thoroughly only into the last episode of the financial crisis from 2008 onwards.<br/><br/><br/><br/>The essay follows the arguments advanced in this classic debate and applies them to examples of post-crisis adjustment in the Balkans (not just in the post-socialist countries, but also looking at the problems that Greece is having with servicing its large foreign debt). The essay should provide the framework for the understanding of Balkan problems of adjustment to outward transfers to service in some cases of unsustainable foreign debts. It also seeks to develop hypotheses that invite a detailed look at the data and their assessment by somewhat more in depth discussion of particular cases.<br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element macroeconomic imbalances
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element current account adjustment
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element debt problems
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Greece
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Balkans
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Keynes
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Balkan States
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Greece
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Macroeconomic Analysis and Policy
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element International Trade, Competitiveness and FDI
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Volume/sequential designation 125
Bibliographic record control number WIIW0000140
Title of a work wiiw Balkan Observatory Working Papers
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://wiiw.ac.at/p-4074.html">https://wiiw.ac.at/p-4074.html</a>
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Paper
Source of classification or shelving scheme Other/Generic Classification Scheme
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        WIIW WIIW Library 11/05/2016 pwiiw4074   125 1000010004074 11/05/2016 02/05/2019 Paper
The Vienna Instiute for International Economic Studies (wiiw)