A Re-assessment of Credit Development in European Transition Economies

Aleksandra Zdzienicka ()

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of the paper is to re-assess the bank credit development in 11 Central and Eastern European countries and to provide new estimates of the credit-to-GDP ratio equilibrium level. Using filtering methods and dynamic panel estimations, our results suggest an “excessive” credit development for most of the studied economies until 2007. After this period, while credit has continued to remain excessive in Bulgaria, Hungary, Poland and Slovakia, it has decelerated in the other countries. However, while the results suggest a possibility of “credit crunch” in the Baltic republics and, to a less extent, in Croatia, credit deceleration may lead to “soft landing” for the Czech Republic, Romania and Slovenia.

Keywords: Bank Credit; Dynamic Panel; CEECs (search for similar items in EconPapers)
JEL-codes: C2 G2 (search for similar items in EconPapers)
Date: 2010-03
New Economics Papers: this item is included in nep-ban and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A re-assessment of credit development in European transition economies (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22692

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