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. For example, FX lending to households is virtually non-existent in the Czech is close to 100 per cent of total household … (2) to try to explain these differing patterns in an econometric model. In order to do so, a panel database of household … household FX borrowing depends on the interest rate differential, the institutional features of mortgage financing and the …
Persistent link: https://www.econbiz.de/10008656332
, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … the econometric evidence speak in favour of strong loan increases in Hungary and Poland even though their magnitude may be …
Persistent link: https://www.econbiz.de/10013318196
This paper - based on a report by a Task Force established by the International Relations Committee (IRC) of the European System of Central Banks (ESCB) - reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and candidate countries (Croatia and Turkey). In...
Persistent link: https://www.econbiz.de/10012783674
We investigate the association between banks' credit expansion and loan loss reserves on a panel of banks from 11 new EU member countries from Central and Eastern Europe during 2004-2010. Unused committed credit lines capture the decline in banks' risk aversion being associated with a supply...
Persistent link: https://www.econbiz.de/10011890441
This paper reviews and assesses financial stability challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia and Turkey. The paper mainly focuses on the period since 2016 (unless the analysis requires a longer time...
Persistent link: https://www.econbiz.de/10012110105
Challenges to macroprudential policy are mainly of a universal nature and encompass, in particular, difficulties in the pre-emptive identification of looming imbalances; interactions with the political cycle; asymmetry in the perception of costs and benefits of using macroprudential instruments;...
Persistent link: https://www.econbiz.de/10012929654
Persistent link: https://www.econbiz.de/10003902936
Hungary. …
Persistent link: https://www.econbiz.de/10011372974
We argue that monetary policies in euro-candidate countries should also aim at mitigating excessive instability of the key target and instrument variables of monetary policy during turbulent market periods. Our empirical tests show a significant degree of leptokurtosis, thus prevalence of...
Persistent link: https://www.econbiz.de/10003969864
Persistent link: https://www.econbiz.de/10003687485