An Economic and Financial Outlook of the Countries Romania, Czech Republic and Hungary in the First Decade of Debt

Abstract:

In this paper I analyzed the macroeconomic and financial outlook of the countries Romania, Czech Republic and Hungary in the period 2000 – 2013. Part of the database is collected from Eurostat database – macroeconomic indicators, while the financial indicators were collected from the World Bank site. Macroeconomic indicators refer to the following: population growth, real GDP growth, real effective exchange rate, unemployment rate, harmonized index of consumer prices, fiscal and budgetary deficit. Financial indicators consist of bank capital to assets ratio, bank nonperforming loans to total gross loans, claims on central government, claims on other sectors of the domestic economy, credit depth, deposit interest rate, domestic credit provided by the financial sector, foreign direct investment, interest rate spread, international migration stock, lending interest rate, listed domestic companies, market capitalization, money and quasi money, net migration, risk premium on lending. In conclusion the three countries are comparable in terms of both economic and financial evolution in the last decade of debt.