Economic Performance and Financial Stability: Case of the Eurasian Economic Union

Vít Pošta (), Aziya Mukusheva and Nurilya Kuchukova
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Vít Pošta: University of Economics, Prague, Faculty of Business Administration, Department of Microeconomic
Aziya Mukusheva: L. N. Gumilyov Eurasian National University
Nurilya Kuchukova: L. N. Gumilyov Eurasian National University

Journal of Economics / Ekonomicky casopis, 2022, vol. 70, issue 1, 22-35

Abstract: The paper presents an empirical evaluation of the relationship between some of the financial stability indicators and economic performance. It is focused on the sample of the members of the Eurasian Economic Union. Given some data limitations, dynamic panel analysis is performed. Nonperforming loans are identified as an important indicator of financial stability along with private credit and liquid reserves of commercial banks. These results are in line with many published studies focused on different sets of countries. Contrary to some published results no or little support is identified in the case of the number of commercial bank branches per capita and bank capital to asset ratio.

Keywords: Eurasian Economic Union; economic performance; financial stability; GMM; panel estimation (search for similar items in EconPapers)
JEL-codes: E30 G00 O53 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:70:y:2022:i:1:p:22-35

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