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This article reviews the origin and spread of the distressed debt problem in the transition region. We argue that while the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects home-grown vulnerabilities. As in the West, the root...
Persistent link: https://www.econbiz.de/10013115309
financing. Econometric model put out the existence of liquidity providing activity of Russian banks. Even though the overall … liquidity provision system suffers from certain deficiencies, we demonstrate its importance in the macroeconomic context, using … banks in their liquidity providing role …
Persistent link: https://www.econbiz.de/10014224106
a considerable amount of unutilized resources. In particular, banks hold excess liquidity in the face of seemingly … been working under the wrong paradigm? This study creates a new estimate of excess liquidity by taking into account banks …' overall liquidity position. Breaking down precautionary from involuntary excess liquidity, a significant presence of the …
Persistent link: https://www.econbiz.de/10013294231
Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households, particularly after the financial crisis of 1998. Evidence for the standard form of price discipline, however, is notably...
Persistent link: https://www.econbiz.de/10014056768
We investigate the determinants of bank interest margins in the Central and Eastern European countries (CEEC). We assess to what extent the relatively high bank margins in CEEC can be attributed to low efficiency or non-competitive market conditions, controlling for the macroeconomic environment...
Persistent link: https://www.econbiz.de/10014215147
, we are forced to concentrate on a cross-sectional analysis of bank liquidity in 1994, in order to find possible … reserves of Russian banks in 1994 were at least partially due to excess liquidity. This suggests that there is no direct … preferred to hold excess liquidity deserves further attention. This question is still relevant, because Russian commercial banks …
Persistent link: https://www.econbiz.de/10014133703
This article attempts to account for both continuity and change in network structures and relationships by analyzing how a country's political approach to institution building interacts with network reproduction. While firm level actors may develop tenacious socio-economic relationships, the...
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