Showing 1 - 10 of 429
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results … indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely … impacted and experience a deterioration in asset quality and liquidity; (ii) foreign-owned banks are the most resilient as they …
Persistent link: https://www.econbiz.de/10012102206
forecasts of macro-financial variables, and projects non-performing loans (NPL) on the basis of such forecasts. Economic … contractions are generally associated with increases in NPL. However, despite the common assumption used in the empirical … literature of homogeneous impact across banks, the strength of this relationship is often bank-specific, and imposing homogeneity …
Persistent link: https://www.econbiz.de/10011716293
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. According to the estimates, the Czech, Hungarian, and Polish currencies were overvalued...
Persistent link: https://www.econbiz.de/10014400630
Persistent link: https://www.econbiz.de/10009486317
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic …
Persistent link: https://www.econbiz.de/10012667496
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this...
Persistent link: https://www.econbiz.de/10014400861
Analysis on macroeconomic determinants of protection in the Czech and Slovak Republics, Hungary, and Poland, while subject to many caveats, suggests that appreciation of the real exchange rate was the main macroeconomic determinant of trade policy reversals in the 1990s. This suggests that...
Persistent link: https://www.econbiz.de/10014401207
Good practice suggests that budget allocations should reflect spending priorities and that spending should provide cost-effective delivery of public goods and services. This paper analyzes the composition of public expenditure in the Slovak Republic. It also assesses the relative efficiency of...
Persistent link: https://www.econbiz.de/10014395676
This paper presents calculations of the efficiency with which value-added taxes are collected in five transition economies in Central and Eastern Europe. Actual VAT revenues in 1994 are compared with those that would have resulted if the statutory VAT rates had been applied without any revenue...
Persistent link: https://www.econbiz.de/10014395799
central banks should not be overly concerned with short-run volatility of their national exchange rates, given the self …
Persistent link: https://www.econbiz.de/10014404080