The impact of macroeconomic performance on the stability of financial system in the EU countries
Mariusz Próchniak () and
Additional contact information
Katarzyna Wasiak: Warsaw School of Economics
Collegium of Economic Analysis Annals, 2016, issue 41, 145-160
This study analyzes the relationship between macroeconomic performance and financial system stability in the theoretical and empirical perspective. The empirical part verifies the impact of a few macroeconomic variables on the financial system stability proxied by bank nonperforming loans to total gross loans, absolute change in the index of nominal effective exchange rate, the ROA and ROE indices for deposit takers. The analysis includes 28 EU countries and the 1996–2015 or 2006–2015 period. The results indicate that the increase in the GDP per capita level and the acceleration of economic growth as well as good fiscal stance all lead to greater stability of the financial sector.
Keywords: financial development; financial stability; financial sector; economic growth; panel data (search for similar items in EconPapers)
JEL-codes: C23 F37 O47 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://rocznikikae.sgh.waw.pl/p/roczniki_kae_z41_09.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sgh:annals:i:41:y:2016:p:145-160
Access Statistics for this article
Collegium of Economic Analysis Annals is currently edited by Joanna Plebaniak, Beata Czarnacka-Chrobot
More articles in Collegium of Economic Analysis Annals from Warsaw School of Economics, Collegium of Economic Analysis Contact information at EDIRC.
Series data maintained by Michał Bernardelli ().