The Heterogeneity of European Bank Lending and the Role of Economic Policy Uncertainty

Daniel Pastorek and Dajana Mazurkova
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Dajana Mazurkova: Mendel University in Brno, Faculty of Business and Economics

Journal of Economics / Ekonomicky casopis, 2023, vol. 71, issue 3, 258-278

Abstract: The paper examines the relationship between bank lending activity and economic-policy uncertainty, using data from 1998 to 2018 for 7,844 banks from the European Union (28). Our findings demonstrate a negative impact of European uncertainty on bank lending. Importantly, we observe heterogeneity within the EU. While the impact on Western European countries is statistically significant, this effect has not been confirmed for Central and Eastern European Countries. This heterogeneity is also evident using different model specifications.

Keywords: economic policy uncertainty; bank lending; European Union (search for similar items in EconPapers)
JEL-codes: C23 D81 E50 G21 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:71:y:2023:i:3:p:258-278

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