Decomposition of external capital inflows and outflows in the small open transition economy: The case analysis of the Slovak Republic
Author(s) -
Rajmund Mirdala
Publication year - 2008
Publication title -
panoeconomicus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.289
H-Index - 14
eISSN - 2217-2386
pISSN - 1452-595X
DOI - 10.2298/pan0802219m
Subject(s) - slovak , capital (architecture) , portfolio , capital outflow , economics , financial integration , order (exchange) , capital flows , monetary economics , small open economy , macroeconomics , economic system , international economics , financial capital , financial economics , finance , market economy , capital formation , financial market , human capital , czech , geography , liberalization , philosophy , linguistics , archaeology , exchange rate
The main objective of the proceeding is to perform a logical decomposition of the structure of external capital inflows and outflows in the Slovak republic in order to analyze the main trends in the external financial integration and its development through the period of 1994-2006. In order to fulfill our objective we observe the changes in the structure of external financial assets and liabilities in order to provide the explanation of main trends in the external capital portfolio of the Slovak republic. Finally, we explore the implications of the accumulated stock of external capital for future trade and current account balances.
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