CEU Electronic Theses and Dissertations, 2015
| Author | Orozalieva, Begaiym |
|---|---|
| Title | Current Account Imbalance of the Kyrgyz Republic |
| Summary | The given research aims to assess sustainability of the current account deficit of the Kyrgyz Republic that exceeded 20 percent of GDP in the last three years. The evaluation is made through factor analysis proposed by Roubini and Wachtel in 1998 that suggests consideration of sources of the current account deficit, forms of its financing and additional factors such as growth of the economy, real exchange rate and political situation as an assessment method. The study reveals that there are numerous factors that undermine the sustainability of the deficit, including low level of national savings and foreign direct investment, large trade deficit and external debt, as well as political instability. In the final part several policy recommendations are provided that are expected to improve the sustainability of the current account imbalance. |
| Supervisor | Bokros, Lajos |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2015/orozalieva_begaiym.pdf |
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