Risks to Economic Stability in CEE Countries

Authors

  • Chief Assist. Prof. Dr Petar Chobanov Department of Finance, Faculty of Finance and Accounting, UNWE image/svg+xml Author

DOI:

https://doi.org/10.37075/YB.2018.1.17

Keywords:

Comparative economics, Potential growth, Risks to medium-term developments, Economic instability index
E66, F43, F45, G01, H62

Abstract

This paper is intended to provide a comparative analysis of CEE countries in terms of main economic indicators connected with economic stability. Analysis is focused on main sectors of the economy, and two periods are envisaged – before and after the Global crisis. Countries are compared each other, and the best and the worst countries are identified.On the basis of the analyzed indicators, we compile an Economic instability index. This index identifies Slovenia, Bulgaria and Lithuania as the most risky countries.This article is aimed at a wide audience because of its complex nature. It is intended for students in a Master's degree, as well as for public institutions that have a bearing on the analysis made and the lessons learned.

References

Chobanov, P. (2012). Imbalances, Risks and the Global Crisis. Sofia: Propeller.

Dombi, A. (2013). Economic Growth and Development in Central and Eastern Europe after the Transformation. Public Finance Quarterly, 58(4), 452-468.

Gurgul, Henryk & Lach, Łukasz (2013). Political instability and economic growth: Evidence from two decades of transition in CEE. Communist and Post-Communist Studies, 46(2), 189-202. DOI: https://doi.org/10.1016/j.postcomstud.2013.03.008

Kubinschi, Matei & Barnea, Dinu (2016). Systemic Risk Impact on Economic Growth - The Case of the CEE Countries. Romanian Journal of Economic Forecasting, 19(4), 79-94.

Vujcic, B. (2016). Economic policy challenges in CEE. URL: https://www.bis.org/speeches/20160425-challenges-policy-responses-within-european-union-context-post-crisis-reconstruction (accessed 2017-10-01)

Downloads

Published

2018-12-17

Issue

Section

Articles

How to Cite

Chobanov, P. (2018). Risks to Economic Stability in CEE Countries. Yearbook of UNWE, 1, 271-286. https://doi.org/10.37075/YB.2018.1.17