What Drives Shadow Banking in the New EU Member  States? Empirical Panel Cointegration Approach

Kjosevski, Jordan; Petkovski, Mihail; Stojkov, Aleksandar

doi:10.31577/ekoncas.2021.08.03

Search citation statements

Order By: Relevance

Paper Sections

Select...

Literature Review1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

(1 citation statement)

References 20 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The latter means that traditional banking is not able to provide alternative funding for lending, while SB is. Kjosevski et al (2021) also analyze the drivers of SB growth in CEE for 1999-2019. They also identified economic growth as the main driver of SB.…”

Section: Literature Reviewmentioning

confidence: 99%

Shadow banking versus secondary shadow banking – The case of Hungary

Bethlendi,

Mérő

2024

SocEc

View full text Add to dashboard Cite

In this article we analyze the Hungarian shadow banking system. We point out that the Hungarian shadow banking system is not only much less developed than that of the EU's developed countries, but also structurally different. A further specific feature of the Hungarian financial system is what we call the secondary shadow banking system, through which foreign shadow banking funds do not finance the domestic banking system directly, but through foreign interbank funds and related cross currency basis swaps. The aim of our analysis is to explore the reasons for these specificities, to analyze the risks of the Hungarian shadow banking, and secondary shadow banking systems, and to show that the interconnectedness between banking and shadow banking may not only occur through direct exposure, but also indirectly through the presence of secondary shadow banking.

show abstract

Section: Literature Reviewmentioning

confidence: 99%