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kkalev4economy.wordpress.com – Economy View, A view of the economy and things related

kkalev4economy.wordpress.com – Economy View, A view of the economy and things related
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Title:Economy View, A view of the economy and things related
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Economy View

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Текст из страницы:Economy View. A view of the economy and things related. Αρχική, About Me, Notes, Modern Monetary Theory, Subscribe to feed, Greek Balance of payments before the Great Recession. Σεπτεμβρίου 15, 2017 in english, external balances, εξωτερικό έλλειμμα, macro, Tags: balance of payments, Baltic Dry Index, External Deficit, Greece, Oil Prices, 4 Σχόλια. Most people believe that the significant deterioration in the Greek balance of payments after the introduction of the Euro is a clear sign of the fall in Greek competitiveness and of unsustainable private debt expansion dynamics. It is assumed that the Greek economy was not able to provide the global market with goods and services of a sufficient quality and competitive price while the large expansion of domestic demand (due to significant private credit flows) expanded imports with a rate that led to a large increase in the goods deficit. Although there is some truth in the above statement, a closer look at the detailed balance of payments data...
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