Cyclical Fluctuations in the Banking Services Market and the Changes in the Situation of Entities from the Financial Services Sector

Skikiewicz Robert () and Garczarczyk Józef
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Skikiewicz Robert: Poznań University of Economics and Business, Department of Market Research and Services, Poznań, Poland
Garczarczyk Józef: Poznań University of Economics and Business, Department of Market Research and Services, Poznań, Poland

Central European Economic Journal, 2018, vol. 5, issue 52, 118-129

Abstract: Section K of the services sector includes entities conducting financial and insurance activities and, among others, banks. Fluctuations in the whole economy and its individual sectors’ situation are interrelated; hence, one may also expect similarities of cyclical fluctuations in the banking sector and in the entire financial sector. The analyses in the article concern the connections between the cyclical fluctuations on the banking services market and in the entire K section of the services sector, grouping entities conducting financial and insurance activities in Poland. The analyses proved that changes in the economic situation appear earlier in the banking sector than in section K of the services sector. The time range of analyses covered the period from the first quarter of 2003 to the first quarter of 2018. Conclusions on relationships were formulated on the basis of cross-correlation analysis and the analysis of the turning points in the time series of variables describing the cyclical fluctuations in the banking market and in the K section of the services sector.

Keywords: banking situation; economic situation in the financial sector; cyclical fluctuations (search for similar items in EconPapers)
JEL-codes: E32 G20 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:5:y:2018:i:52:p:118-129:n:10

DOI: 10.1515/ceej-2018-0014

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