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    STUDIA OECONOMICA - Issue no. 1 / 2005  
         
  Article:   THE DEFICIT OF THE CURRENT ACCOUNT, PROPAGATED ECONOMIC CAUSES AND EFFECTS.

Authors:  IOAN L. NISTOR, DIANA ZĂGAN-ZELTER.
 
       
         
  Abstract:  The Deficit of the Current Account, Propagated Economic Causes and Effects. The deficit of the current account, main feature of the manifestation of the functioning of a national economy, presents a major interest in economic theory and practice. The study represents a research on the content of the current account, of the way and the factors which determine currency fluctuations and the apparition of the deficit. The forming of the current account deficit is researched in connection with the evolution of the national currency exchange rate and the appreciation degree of the currency compared with other currencies. The study emplasizes the positive and the negative effects of the current account deficit in the macrostabilization process and the role of macroeconomical policies in maintaining it at a desirable economic, financial, currency level.  
         
     
         
         
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