Readapting macroeconomic management to a globalized economy: How to handle the accountability on the current account balance
Назва: (Title) |
Readapting macroeconomic management to a globalized economy: How to handle the accountability on the current account balance |
Автори: (Authors) |
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Приналежність: (Affiliation) |
Istanbul Commerce University, Sütlüce Mah. Imrahor Cad. No: 90, Beyoğlu 34445/Istanbul, Turkey, e-mail: myulek@ticaret.edu.tr Phone: (+90) 5332272193 |
Бібліографічний опис: (Bibliographic description) |
Yülek, Murat A. Readapting macroeconomic management to a globalized economy: How to handle the accountability on the current account balance [Електронний ресурс] / Murat A. Yülek, Mete H. Yağmur // Соціально-економічні проблеми і держава. — 2015. — Вип. 2 (13). — С. 22-28. — Режим доступу до журн.: http://sepd.tntu.edu.ua/images/stories/pdf/2015/15ymacab.pdf. |
Bibliographic description: |
Yülek, Murat A. and Yağmur, Mete H. (2015). Readapting macroeconomic management to a globalized economy: How to handle the accountability on the current account balance. Socio-Economic Problems and the State [online]. 13 (2), p. 22-28. [Accessed November 30, 2015]. Available from: <http://sepd.tntu.edu.ua/images/stories/pdf/2015/15ymacab.pdf> |
Дата публікації: (Date of publication) |
24-лис-2015 |
Видавець: (Editor) |
АСУ, ТНТУ |
УДК (UDC): |
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JEL: |
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Ключові слова: (Key words) |
macroeconomic policy |
Короткий огляд (реферат): (Short preview) |
Current account imbalances that have been a component of the globalization process threaten overall macroeconomic management, jeopardize financial stability and exacerbate effects of financial turmoil. Despite its detrimental effects, however, current account imbalances are overlooked by policy makers. In this paper we argue that assigning the responsibility to monitor and be accountable on the current account balance to an appropriate public institution would improve macroeconomic management not only in terms of soothing external balance but would also make internal balance concerns less troublesome and mitigate risks of economic and financial crises. Considering the developments particularly in the aftermath of the global financial crisis, we propose the central bank as a plausible candidate. |
URI (Уніфікований ідентифікатор ресурсу): |
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ISSN: |
2223-3822 |
URI для пов’язаного матеріалу: |
http://www.bankofengland.co.uk/financialstability/pages/fpc/default.aspx |
References: |
Nayyar, D. (2013) Macroeconomics and Human Development. In Nayyar D. (eds.) Macroeconomics and Human Development, Routledge, NY. |
Розташовується у зібраннях: (Is situated in collections) |
Журнал „Соціально-економічні проблеми і держава“, 2015, Випуск 2(13) |