Structure of the International Investment Position of New European Union Member States and Stability of their External Position Cover Image

Struktura rodzajowa międzynarodowej pozycji inwestycyjnej nowych krajów członkowskich Unii Europejskiej a stabilność ich równowagi zewnętrznej
Structure of the International Investment Position of New European Union Member States and Stability of their External Position

Author(s): Ewa Bilewicz
Subject(s): Supranational / Global Economy, International relations/trade, Economic development, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Społeczna Akademia Nauk
Keywords: net IIP; international investment position structure; financial stability; new European Union members;

Summary/Abstract: The objective of this paper is to demonstrate the impact of the financial crisis on the structure of net IIP of the states that acceded the European Union in 2004 and later. The study was conducted for the years of 2007-2016. The paper is divided into two parts. The first part presents the role of the structure of foreign assets and liabilities for the stability of external financing of an economy, while the second part demonstrates the structure of net IIP of those countries and its changes after the crisis. Research results show that in a majority of the countries the share of foreign direct investments within their foreign liabilities increased after the crisis. As a result, the risk related to their high negative net IIP diminished.

  • Issue Year: 19/2018
  • Issue No: 2.2
  • Page Range: 281-291
  • Page Count: 11
  • Language: Polish