Current account sustainability

This bachelor thesis deals with the analysis of current account sustainability in three selected transition economies that have undergone ana economic transformation about a quarter century ago. Selected economies are Bulgaria, Romania and Croatia. The thesis is divided into three parts. In the first part, the thesis deals with balance of payments, especially on current account. Follows defining of current accoount sustainability and factors that have impact on this. The third key part and at the same time the aim of thesis is assessing of current account sustainability of selected countries with emphasis on the last decade. This period has been associated with important events such as the entry into the European Union and global and financial crisis. For assessment of current account are used main indicators of sustainability supplemented with other macroeconomic indicators and economic countries´ characteristic. As emerged from the result of the thesis, after large current account deficits in the pre-crisis period, in the present the countries run current account surpluses. It contributes to their sustainability.