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. These observations beg the question of whether the effectiveness of monetary policy through a lending channel differs across … types of banks to monetary policy initiatives of the central bank and the bank lending channel of monetary policy might be … policy changes on less risky short term and more risky medium term lending We discuss the policy implications of the findings …
Persistent link: https://www.econbiz.de/10008606477
Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique …
Persistent link: https://www.econbiz.de/10005652526
perform better that state owned firms. At the same time, it has been argued that competition and hard budget constraints can … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were …
Persistent link: https://www.econbiz.de/10005677497
Persistent link: https://www.econbiz.de/10005784739
In this paper we re-examine empirically the Structure-Conduct-Performance relationship between concentration and profitability using new data on Russia that allow us to overcome the endogeneity problem of market structure and expand on the traditional analysis in several ways. The analysis...
Persistent link: https://www.econbiz.de/10005652639
This article provides an empirical insight on the heterogeneity in the estimates of banking efficiency produced by the stochastic frontier ap- proach. Using data from five countries of Central and Eastern Europe, we study the sensitivity of the efficiency score and the efficiency ranking to a...
Persistent link: https://www.econbiz.de/10009001048
CEECs are characterised by a significant presence of foreign banks and by a marked dependence upon financing from foreign bankers. We show that this situation leaves these countries open to two types of financial risk, which have grown throughout the present decade. The first relates to the...
Persistent link: https://www.econbiz.de/10010859438
Foreign-dominated banking sectors, such as those prevalent in Central and Eastern Europe, are susceptible to two major sources of systemic risk: (i) linkages between local banks and (ii) linkages between a foreign mother bank and its local subsidiary. Using a nonparametric method based on...
Persistent link: https://www.econbiz.de/10010744595
The theoretical literature gives conflicting predictions on how bank competition should affect financial stability, and … dozens of researchers have attempted to evaluate the relationship empirically. We collect 598 estimates of the competition … definition of financial stability and bank competition used by researchers influences their results in a systematic way. The …
Persistent link: https://www.econbiz.de/10011161371
The three countries took different stances in regards to economic policy; the Czech Republic pursued a shock therapy regime which aimed to stabilise the economy, Hungary’s policy was more relaxed whilst Poland had an aggressive reform programme. Regarding monetary policy the Czech Republic...
Persistent link: https://www.econbiz.de/10011161385