The provision of long-term financing in the transition economies

Nikola Tasic and Neven Valev

Journal of Comparative Economics, 2010, vol. 38, issue 2, 160-172

Abstract: A new data set from the transition economies shows that the private sector has increasing access to long-term bank financing. In a few transition countries credit has similar maturity structure to that in Western Europe, while in others credit remains mostly short-term. Several factors explain these differences: the political and institutional environment, inflation, economic and financial development, and the establishment of institutions that share information about borrowers. In contrast, the share of foreign-owned banks, the share of state-owned banks, and banking sector competition have no influence on credit maturity.

Keywords: Financial; development; Credit; maturity; Liquidity; Transition; economies (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:38:y:2010:i:2:p:160-172

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