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Role of Foreign Capital in Stability of Banking Sectors in CESEE Countries

2017
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Release : 2017
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Book Synopsis Role of Foreign Capital in Stability of Banking Sectors in CESEE Countries by : Malgorzata Iwanicz-Drozdowska

Download or read book Role of Foreign Capital in Stability of Banking Sectors in CESEE Countries written by Malgorzata Iwanicz-Drozdowska. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: We investigate whether foreign ownership in the banking sector is a key determinant of its stability in Central, Eastern and South-Eastern European (CESEE) countries, as there is no consensus in the current literature on emerging markets. To this end, we introduce a financial strength index (FSI) as a proxy for financial stability. We used binary regressions for both pooled and panel data to model bank- and country-level data for 20 CESEE countries from 1995 to 2014. Our findings indicate that there is no significant direct link between the share of foreign-owned banks and stability in CESEE banking sectors; instead, financial stability is dependent on banks' credit policies and their balance sheet structures, irrespective of the type of ownership. We argue that positive macroeconomic development drives financial stability in CESEE countries, increases penetration by foreign banks and encourages them to expand through the pursuit of aggressive credit policies. Such policies, rather than the share of foreign capital per se, may have negative impacts on financial stability, exacerbating boom-bust cycles.

Foreign-Owned Banks

2018-12-17 Business & Economics
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Release : 2018-12-17
Genre : Business & Economics
Kind : eBook
Book Rating : 119/5 ( reviews)

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Book Synopsis Foreign-Owned Banks by : Małgorzata Iwanicz-Drozdowska

Download or read book Foreign-Owned Banks written by Małgorzata Iwanicz-Drozdowska. This book was released on 2018-12-17. 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.

Post-Crisis Growth and Integration in Europe

2011-01-01 Business & Economics
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Release : 2011-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 918/5 ( reviews)

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Book Synopsis Post-Crisis Growth and Integration in Europe by : E. Nowotny

Download or read book Post-Crisis Growth and Integration in Europe written by E. Nowotny. This book was released on 2011-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European (CESEE) countries. Whilst having emerged relatively unscathed from the crisis, the CESEE economies nonetheless need to adjust to the new external conditions they will encounter. In this respect, decision-makers are faced with multiple sources of uncertainty: will post-crisis growth be the same as pre-crisis growth? What will be the future role of financial integration, growth financing and exports? What are the particular challenges facing monetary policy-makers and the banking sector in the region? On these issues and related topics, the book provides a multi-disciplinary assessment, combining the views of high-ranking central bankers and other policy-makers, commercial bankers and academics. Economists and students of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes will find this book of great interest and importance, especially those working on Central, Eastern and South-Eastern Europe.

Austria

2013-09-10 Business & Economics
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Release : 2013-09-10
Genre : Business & Economics
Kind : eBook
Book Rating : 306/5 ( reviews)

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Book Synopsis Austria by : International Monetary Fund. European Dept.

Download or read book Austria written by International Monetary Fund. European Dept.. This book was released on 2013-09-10. Available in PDF, EPUB and Kindle. Book excerpt: This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria. The global crisis has revealed weaknesses in Austria’s financial stability policy framework, and recent changes at the European levels provide an opportunity to address these. Stress test results indicate that under adverse medium-term scenarios, virtually all Austrian banks, including all internationally active institutions, would meet regulatory capital requirements, and are resilient to funding and contagion risks. The Austrian Financial Market Authority (FMA) and the central bank (OeNB) collaborate effectively in performing banking supervision, including on a cross-border basis.

Financial Markets in Central and Eastern Europe

2004-08-02 Business & Economics
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Release : 2004-08-02
Genre : Business & Economics
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Book Rating : 708/5 ( reviews)

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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. This book was released on 2004-08-02. 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.

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