Назва:

(Title) 

Readapting macroeconomic management to a globalized economy: How to handle the accountability on the current account balance

Автори: 

(Authors)

Yülek, Murat A.
Yağmur, Mete H.

Приналежність:

(Affiliation) 

Istanbul Commerce University, Sütlüce Mah. Imrahor Cad. No: 90, Beyoğlu 34445/Istanbul, Turkey, e-mail: myulek@ticaret.edu.tr Phone: (+90) 5332272193
Istanbul Commerce University, Sütlüce Mah. Imrahor Cad. No: 90, Beyoğlu 34445/Istanbul, Turkey, e-mail: myagmur@ticaret.edu.tr, Phone: (+90) 5324407500

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
ASU, TNTU

УДК (UDC): 

330.342
338

JEL: 

E52
E61
F41
F63

Ключові слова:

(Key words) 

macroeconomic policy
macroeconomic management
current account
current account sustainability
central banking

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): 

http://elartu.tntu.edu.ua/handle/123456789/6274

ISSN: 

2223-3822

URI для пов’язаного матеріалу: 

http://www.bankofengland.co.uk/financialstability/pages/fpc/default.aspx

References: 

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Розташовується у зібраннях:

(Is situated in collections)

Журнал „Соціально-економічні проблеми і держава“, 2015, Випуск 2(13)