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E-BookPDF1 - PDF WatermarkE-Book
220 Seiten
Englisch
Springer International Publishingerschienen am17.12.20181st ed. 2018
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. 





Ma?gorzata Iwanicz-Drozdowska is a full professor of finance at Warsaw School of Economics, Poland, and the head of the Financial System Department in the Institute of Finance.

Paola Bongini is a professor of banking and finance at the University of Milan-Bicocca, Italy. She is dean of the undergraduate taught course in banking and finance and the postgraduate degree in economics and finance.

Pawel Smaga is an assistant professor in the Institute of Finance at Warsaw School of Economics, Poland, and a senior economist at the National Bank of Poland.

Bartosz Witkowski is an associate professor in the Institute of Econometrics at Warsaw School of Economics, Poland. His research specialization includes panel data analysis and its application in economics and finance.mehr
Verfügbare Formate
BuchGebunden
EUR128,39
E-BookPDF1 - PDF WatermarkE-Book
EUR117,69

Produkt

KlappentextThis 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. 





Ma?gorzata Iwanicz-Drozdowska is a full professor of finance at Warsaw School of Economics, Poland, and the head of the Financial System Department in the Institute of Finance.

Paola Bongini is a professor of banking and finance at the University of Milan-Bicocca, Italy. She is dean of the undergraduate taught course in banking and finance and the postgraduate degree in economics and finance.

Pawel Smaga is an assistant professor in the Institute of Finance at Warsaw School of Economics, Poland, and a senior economist at the National Bank of Poland.

Bartosz Witkowski is an associate professor in the Institute of Econometrics at Warsaw School of Economics, Poland. His research specialization includes panel data analysis and its application in economics and finance.
Details
Weitere ISBN/GTIN9783030011116
ProduktartE-Book
EinbandartE-Book
FormatPDF
Format Hinweis1 - PDF Watermark
FormatE107
Erscheinungsjahr2018
Erscheinungsdatum17.12.2018
Auflage1st ed. 2018
ReiheStudies in Economic Transition
Seiten220 Seiten
SpracheEnglisch
IllustrationenXIV, 220 p. 46 illus., 6 illus. in color.
Artikel-Nr.4078117
Rubriken
Genre9200

Inhalt/Kritik

Inhaltsverzeichnis
1;Contents;6
2;List of Figures;8
3;List of Maps;12
4;List of Tables;13
5;Chapter 1: Introduction;15
5.1;Bibliography;17
6;Chapter 2: CESEE Countries: Historical Background, Transition, and Development;19
6.1;2.1 A Brief History of CESEE Countries;19
6.2;2.2 Economic and Political Transition;21
6.3;2.3 How Developed Are CESEE Countries?;25
6.4;2.4 What Are the Development Driving Forces?;29
6.5;Bibliography;31
7;Chapter 3: Foreign Bank Entry into CESEE Countries in the 1990s and Afterwards;33
7.1;3.1 Why Did Foreign Banks Decide to Enter?;33
7.2;3.2 Entry Strategies and Organizational Forms;55
7.3;3.3 Performance of Foreign-Owned Banks;61
7.4;3.4 Conclusions;73
7.5;Bibliography;74
8;Chapter 4: Credit Activity of Foreign-Owned Banks in CESEE;78
8.1;4.1 What Drives Credit Growth in CESEE?;78
8.1.1;4.1.1 Credit Growth: The Pre- and Post-crisis Picture;78
8.1.2;4.1.2 Empirical Analysis of Credit Growth;81
8.2;4.2 Are Foreign-Owned Banks More or Less Procyclical than Domestic-Owned Banks?2;91
8.2.1;4.2.1 Cyclicality of Foreign-Owned Banks Lending;91
8.2.2;4.2.2 Measuring Bank Credit Procyclicality in the CESEEs;92
8.3;Bibliography;97
9;Chapter 5: Impact of Foreign-Owned Banks on Financial Stability;102
9.1;5.1 Global Financial Crisis in the Context of CESEE;102
9.1.1;5.1.1 State of Play in CESEE Before the Crisis;102
9.1.2;5.1.2 The Perils of FX Lending;107
9.1.3;5.1.3 Unsustainable Credit Cycles in CESEEs: From Boom to Bust;108
9.1.4;5.1.4 Macrofinancial Impact of the Global Financial Crisis;112
9.1.5;5.1.5 Reponses to the Crisis;121
9.2;5.2 Measures of Financial Stability in CESEE Countries11;134
9.3;5.3 Do Foreign-Owned Banks Promote Financial Stability? Differences Between Foreign-Owned and Domestic-Owned Banks16;149
9.3.1;5.3.1 Financial Strength Index and Z-Score;152
9.4;5.4 What Drives Financial Stability in CESEE Banking Sectors?21;158
9.5;5.5 Financial Stability Outlook in the CESEEs;164
9.6;Bibliography;170
10;Chapter 6: Impact of Foreign-Owned Banks on Economic Development;181
10.1;6.1 Economic Growth and Financial Development: Theory and Evidence;181
10.2;6.2 Finance and Growth in CESEE Countries;193
10.3;6.3 Is Foreign Bank Credit Growth-Enhancing?;203
10.4;6.4 Foreign Ownership in CESEE Countries: Evidence from a Large Sample and Extended Sample Period;208
10.4.1;6.4.1 Measures of Macroeconomic Environment;211
10.4.2;6.4.2 Measures of Institutional Environment;211
10.4.3;6.4.3 Measures of Financial Development and Foreign Ownership;211
10.4.4;6.4.4 The Model;212
10.5;6.5 Conclusions;216
10.6;Bibliography;217
11;Chapter 7: Concluding Remarks: Who Is the Winner of Foreign Banks Presence?;225
11.1;Bibliography;227
12;Index;228mehr

Autor

Malgorzata Iwanicz-Drozdowska is a full professor of finance at Warsaw School of Economics, Poland, and the head of the Financial System Department in the Institute of Finance.

Paola Bongini is a professor of banking and finance at the University of Milan-Bicocca, Italy. She is dean of the undergraduate taught course in banking and finance and the postgraduate degree in economics and finance.

Pawel Smaga is an assistant professor in the Institute of Finance at Warsaw School of Economics, Poland, and a senior economist at the National Bank of Poland.

Bartosz Witkowski is an associate professor in the Institute of Econometrics at Warsaw School of Economics, Poland. His research specialization includes panel data analysis and its application in economics and finance.