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The Drivers Of Foreign Bank Lending In Central And Eastern Europe
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Book Synopsis The Drivers of Foreign Bank Lending in Central and Eastern Europe by : Judit Temesvary
Download or read book The Drivers of Foreign Bank Lending in Central and Eastern Europe written by Judit Temesvary and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the relative roles of subsidiary and parent banking group traits in driving foreign banks' lending patterns in the Central and Eastern European (CEE) region before and during the crisis. We use a bank-level dataset on Western European banking groups and their CEE subsidiaries over the 2002-2013 period. We find that lower capital-to-asset ratios and higher non-performing loans (NPL) ratios at either the subsidiary or the parent bank level significantly lowered subsidiary lending growth before and during the crisis. The onset of the crisis not only lowered subsidiary lending growth in the CEE countries, but also has altered the relationship between balance sheet conditions and lending growth. However, we also find strong evidence that this crisis effect is significantly less pronounced for subsidiaries participating in the Vienna Initiative. Our results' policy implications include purging banks of NPLs, enhanced regulatory coordination and the inclusion of parent bank traits in countercyclical capital buffer calculations.
Book Synopsis Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe by : Ms.Emilia Magdalena Jurzyk
Download or read book Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe written by Ms.Emilia Magdalena Jurzyk and published by International Monetary Fund. This book was released on 2010-01-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a combination of propensity score matching and difference-in-difference techniques we investigate the impact of foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This approach allows us to control for selection bias as larger but less profitable banks were more likely to be acquired by foreign investors. We show that during three years after the takeover, banks have become more profitable due to cost minimization and better risk management. They have additionally gained market share, because they passed their lower cost of funds to borrowers in terms of lower lending rates. Previous studies failed to pick up the improvements in performance of takeover banks, because they did not account for the performance of financial institutions before acquisitions.
Book Synopsis Foreign Banks and the Vienna Initiative by : Mr.Ralph De Haas
Download or read book Foreign Banks and the Vienna Initiative written by Mr.Ralph De Haas and published by International Monetary Fund. This book was released on 2012-05-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008–09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis, but that foreign banks that participated in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where banks signed commitment letters to countries where they did not.
Book Synopsis The Effects of Foreign and Government Ownership on Bank Lending Behavior During a Crisis in Central and Eastern Europe by : Franklin Allen
Download or read book The Effects of Foreign and Government Ownership on Bank Lending Behavior During a Crisis in Central and Eastern Europe written by Franklin Allen and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine whether foreign-owned and government-owned banks in Central and Eastern Europe reacted differently during a domestic systematic banking crisis and the global financial crisis of 2008. Our panel dataset comprises data on more than 400 banks for the period 1994-2010. Our analysis shows that foreign banks provided credit during domestic banking crises in host countries, while government-owned banks contracted. In contrast, foreign-owned banks reduced their credit base during the global financial crisis, while government-owned banks expanded. Consequently, our results show that foreign-owned banks may contribute to financial stability during domestic crisis episodes, but also increase the risk of importing instability from abroad during a crisis in their home markets. However, government-owned banks may substitute for foreign-owned banks and hinder the transmission of international shocks. Thus, our results indicate that a mixed banking sector consisting of foreign-owned and government-owned banks is most advisable.
Book Synopsis Financial Markets in Central and Eastern Europe by : Morten Balling
Download or read book Financial Markets in Central and Eastern Europe written by Morten Balling and published by Routledge. This book was released on 2004-08-02 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
Book Synopsis Cross-border Banking in Europe by : Franklin Allen
Download or read book Cross-border Banking in Europe written by Franklin Allen and published by CEPR. This book was released on 2011 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversification and efficiency benefits from cross-border banking, while reducing the risks stemming from large cross-border banks.Available online as pdf at: http: //www.cepr.org/pubs/books/CEPR/cross-border_banking.pd
Book Synopsis Financial Development, Integration and Stability by : Klaus Liebscher
Download or read book Financial Development, Integration and Stability written by Klaus Liebscher and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.
Book Synopsis Banking Structure and Credit Growth in Central and Eastern European Countries by : Burcu Aydin
Download or read book Banking Structure and Credit Growth in Central and Eastern European Countries written by Burcu Aydin and published by International Monetary Fund. This book was released on 2008-09 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a modeling framework that delivers joint forecasts of indicators of systemic real risk and systemic financial risk, as well as stress-tests of these indicators as impulse responses to structural shocks identified by standard macroeconomic and banking theory. This framework is implemented using large sets of quarterly time series of indicators of financial and real activity for the G-7 economies for the 1980Q1-2009Q3 period. We obtain two main results. First, there is evidence of out-of sample forecasting power for tail risk realizations of real activity for several countries, suggesting the usefulness of the model as a risk monitoring tool. Second, in all countries aggregate demand shocks are the main drivers of the real cycle, and bank credit demand shocks are the main drivers of the bank lending cycle. These results challenge the common wisdom that constraints in the aggregate supply of credit have been a key driver of the sharp downturn in real activity experienced by the G-7 economies in 2008Q4- 2009Q1.
Book Synopsis Challenges to Enterprise Performance in the Face of the Financial Crisis by : World Bank
Download or read book Challenges to Enterprise Performance in the Face of the Financial Crisis written by World Bank and published by World Bank Publications. This book was released on 2011-06-10 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report uses the results of the most recent Business Environment and Enterprise Performance Survey (BEEPS) to examine key drivers of firm performance: access to finance, infrastructure and labor in 29 Eastern European and Central Asian countries.
Book Synopsis Do Foreign Banks Drive Foreign Currency Lending in Central and Eastern Europe? by : Peter R. Haiss
Download or read book Do Foreign Banks Drive Foreign Currency Lending in Central and Eastern Europe? written by Peter R. Haiss and published by . This book was released on 2011 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) by banks into Central and Eastern Europe (CEE) has increased considerably, resulting in foreign bank ownership of up to 90% in some countries in the region. Most CEE countries also recorded a substantial rise in foreign currency (FX) denominated credit, leading to concerns about the potential risks of asset deterioration in the domestic banking sector and of accusations about foreign banks quot;exportingquot; risks. While there is a lot of research on dollarization in emerging markets, empirical evidence about the role of foreign banks in promoting fx-lending in CEE is scarce. This paper aims at filling this gap, analyzing whether there exists a significant relationship between foreign banks' asset share and the level of fx-lending. Using a linear regression model with data on 16 transition countries for the period 1999 to 2006 we find that foreign banks do not increase the risk of foreign currency lending. Our results show that foreign currency denominated lending seems to be a function of the level of fx-deposits, changes in the real exchange rate and the concentration of the banking sector.
Book Synopsis Foreign-Owned Banks by : Małgorzata Iwanicz-Drozdowska
Download or read book Foreign-Owned Banks written by Małgorzata Iwanicz-Drozdowska and published by Springer. This book was released on 2018-12-17 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking sectors, the book shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries (the stake of foreign-owned banks is below 50% of assets in only five out of 20 countries), their strategies materially impact the development of CESEE banking sectors, which warrants our scientific exploration. Arriving at a clear concluding point of view on the role of foreign-owned banks and providing insights for future policy of CESEEs towards foreign presence in their banking sectors, this book should be of interest to academics, students, and policymakers.
Book Synopsis Foreign Banks in the CESE Countries by : Andrea M. Maechler
Download or read book Foreign Banks in the CESE Countries written by Andrea M. Maechler and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-03-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level.
Book Synopsis Opening Up for Foreign Banks by : Claudia M. Buch
Download or read book Opening Up for Foreign Banks written by Claudia M. Buch and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Organisation for Economic Co-operation and Development Publisher :OECD Publishing ISBN 13 : Total Pages :392 pages Book Rating :4.F/5 ( download)
Book Synopsis The New Banking Landscape in Central and Eastern Europe by : Organisation for Economic Co-operation and Development
Download or read book The New Banking Landscape in Central and Eastern Europe written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 1997 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the proceedings of a seminar jointly arranged by the OECD and the Vienna Institute for Comparative Economic Studies, which was held in Vienna 9-10 December 1996
Book Synopsis The Effects of Foreign and Government Ownership on Bank Lending Behavior During a Drisis in Central and Eastern Europe by : Franklin Allen
Download or read book The Effects of Foreign and Government Ownership on Bank Lending Behavior During a Drisis in Central and Eastern Europe written by Franklin Allen and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dissecting Foreign Bank Lending Behavior During the 2008-2009 Crisis by : Moon Jung Choi
Download or read book Dissecting Foreign Bank Lending Behavior During the 2008-2009 Crisis written by Moon Jung Choi and published by . This book was released on 2017 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the lending behavior of foreign-owned banks during the recent global crisis. Using bank-level panel data for countries in Central and Eastern Europe, East Asia, and Latin America, the paper explores the role of affiliate and parent financial characteristics, host location, as well as the impact of parent geographic origin and reach on foreign banks' credit growth. Overall, the analysis finds robust evidence that foreign banks curtailed the growth of credit relative to other banks, independent of the host region. Foreign bank affiliates from the United States reduced loan growth less than those from other regions. The lending growth of foreign affiliates does not depend on whether their parent banks are global or regional banks. However, the funding structure of foreign bank affiliates and the capitalization of parent banks do help explain the lending behavior of foreign affiliates during the global crisis. Although not the focus of the paper, it also finds that government-owned banks played a countercyclical role in all regions.
Author :Colloquium on "Stability and Efficiency of Financial Markets in Central and Eastern Europe" Publisher : ISBN 13 :9780203691847 Total Pages :401 pages Book Rating :4.6/5 (918 download)
Book Synopsis Financial Markets in Central and Eastern Europe by : Colloquium on "Stability and Efficiency of Financial Markets in Central and Eastern Europe"
Download or read book Financial Markets in Central and Eastern Europe written by Colloquium on "Stability and Efficiency of Financial Markets in Central and Eastern Europe" and published by . This book was released on 2004 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions.This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
