Foreign-Owned Banks and Real Estate Markets in Croatia: A Panel Data Analysis

Ana Rimac Smiljanić () and Blanka Skrabic Peric
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Ana Rimac Smiljanić: University of Split

A chapter in Real and Financial Sectors in Post-Pandemic Central and Eastern Europe, 2022, pp 67-86 from Springer

Abstract: Abstract This paper analyses the role of real estate markets and foreign-owned banks in bank credit growth in Croatia from 1999 to 2008 by applying panel data analysis. This paper gives a more profound explanation of host countries’ variables influencing bank orientation towards housing credit in the home county. We explain the channel through which the foreign-owned banks can facilitate domestic demand for housing and push the housing bubble, motivated by determinants outside the host country. Our results suggest that foreign-owned banks’ orientation to real estate markets increased credit supply to all private sectors in Croatia during the credit boom in 1999–2008.

Keywords: Real estate markets; Foreign-owned banks; Bank credit; Housing credit; Credit cycle; Dynamic panel models; C33; E44; G21; R21; R31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-99850-9_5

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DOI: 10.1007/978-3-030-99850-9_5

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