The Channels of Contagion in the Global Crisis: The Case of the Southeastern Europe (SEE-7) Countries

Şen, Ali; Altay, Hüseyin

doi:10.14706/jecoss112212

Cited by 4 publications

(2 citation statements)

References 12 publications

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“…This is the heritage of previous economic relationships dating back as far as 1970s: the former Yugoslavian republic had willingly cooperated with neighbouring countries such as Austria and Italy (Jovanovic, 1972, p. 587). Such a strong dependence on foreign investors resulted in the spill-over of the financial global crisis, which reached the Western Balkans region through indirect channels (Bartlett and Monastiriotis, 2010;Sen Atlay, 2012). The annual rate of credit growth in these countries dropped significantly.…”

Section: The Countries Studied -Characteristicsmentioning

confidence: 99%

Interdependence of Ratios in Banking Stability Pentagon

Kubiszewska¹

2019

SiM WZ UW

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The banking sector is one of the key sectors in every economy, therefore, the issue of stability is one of the main interests not only of researchers but also policy-makers. The stability of the banking sector is especially important during a process of transformation. The aim of this article is to present a new tool for estimating the stability of the banking sector as a whole. Although the tool can be used to estimate the level of stability for all countries, the relationships between various variables and interdependence of the ratios used in the tool will differ between the countries surveyed, as tested in the article. The study is based on selected countries from two regions: the Western Balkans and the Baltic Sea states that are either in the process of transformation or have just completed that. Due to the choice of the banking sectors under study, it was possible to perform a comparative analysis between countries that have already undergone the transformation process and those that are currently in the transformation process. The survey is based on quarterly data for the period Q1, 2010-Q1, 2016. The data has been sourced from the International Monetary Fund.

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Section: The Countries Studied -Characteristicsmentioning

confidence: 99%

Interdependence of Ratios in Banking Stability Pentagon

Kubiszewska¹

2019

SiM WZ UW

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“…Such a strong dependence on foreign investors resulted in the spillover of the global financial crisis, which reached the Western Balkan region through indirect channels [Bartlett, Monastiriotis, 2010;Sen, Atlay, 2012]. The annual rate of credit growth in these countries dropped significantly.…”

Section: Financial Comparison Of Western Balkan and Baltic Sea Statesmentioning

confidence: 99%

Financial comparison of Western Balkan and Baltic Sea states using the CAMEL approach

Kubiszewska

2017

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Financial comparison of Western Balkan and Baltic Sea states using the CAMEL approachThis article aims to compare the situation in the banking sectors of two regions that have much in common due to their political and economic history: the Western Balkan states of Serbia, Croatia, and Macedonia and the Baltic Sea states of Lithuania, Estonia, and Latvia. It presents three approaches to defining banking stability that can be found in literature and carries out a preliminary analysis of the financial performance of the discussed banking sectors using the CAMEL approach. Although in 2010 the banking sectors of the Baltic Sea states were in a worse shape than the banking sectors of the Western Balkan states, it has been proved that the banking sectors in countries in which the process of economic transformation has been completed could recover from a crisis faster than states that are still undergoing this process. Economic transformation is essential for the further development of the market economy and the sooner it is completed, the sooner the banking sector can develop and the easier it will be to recover from a crisis or an external shock.

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Transformation of The Banking Sector as An Element of Economic Transformation in South-East Europe

Kubiszewska

2017

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The issue of stability in economy is essential, both in theoretical as well as in practical discussion. It is especially important in an environment of economic transformation. The aim of the article is to assess the economic stability during the transformation of the south-east region of Europe over a period of 19 years (1995)(1996)(1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014), and the mutual relation between the economic stability and the transformation process, including the transformation of banking sectors. The countries selected to the research were Albania, Bosnia and Hercegovina, Bulgaria, Croatia, Romania and Serbia.The study shows the strong correlation between transformation process of economy and banking sectors and not more than moderate relationship between transformation and stability, in some of the studied countries. The methods used include a literature review of the theory on the transformation process with special focus on the Balkan region, as well as a comparative analysis of data, which addresses the progress of the economic and banking sector's transformation and measures the macroeconomic stability in this region and Pearson correlation for assessing mutual impacts of the variables.

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The Channels of Contagion in the Global Crisis: The Case of the Southeastern Europe (SEE-7) Countries

Cited by 4 publications

References 12 publications

Interdependence of Ratios in Banking Stability Pentagon

Interdependence of Ratios in Banking Stability Pentagon

Financial comparison of Western Balkan and Baltic Sea states using the CAMEL approach

Transformation of The Banking Sector as An Element of Economic Transformation in South-East Europe

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