Zdzienicka, Aleksandra (2010): A Re-assessment of Credit Development in European Transition Economies.
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The aim of the paper is to re-assess the bank credit development in 11 Central and Eastern European countries and to provide new estimates of the credit-to-GDP ratio equilibrium level. Using filtering methods and dynamic panel estimations, our results suggest an “excessive” credit development for most of the studied economies until 2007. After this period, while credit has continued to remain excessive in Bulgaria, Hungary, Poland and Slovakia, it has decelerated in the other countries. However, while the results suggest a possibility of “credit crunch” in the Baltic republics and, to a less extent, in Croatia, credit deceleration may lead to “soft landing” for the Czech Republic, Romania and Slovenia.
|Item Type:||MPRA Paper|
|Original Title:||A Re-assessment of Credit Development in European Transition Economies|
|Keywords:||Bank Credit, Dynamic Panel, CEECs|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services
C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables
|Depositing User:||Aleksandra Zdzienicka|
|Date Deposited:||17. May 2010 13:18|
|Last Modified:||19. Feb 2013 10:09|
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