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Credit Indebtedness As Convergence Catalyst Of Economic Regeneration In The Visegrad Group Of Countries

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  • Martin Hudec

    (University of Economics in Bratislava, Faculty of Commerce, Department of Marketing, Dolnozemská cesta 1/A, 852 35 Bratislava 5)

Abstract

Financial institutions perform an important role as financial intermediaries in the financial market of the Visegrad group of four countries. These institutions ensure the smooth transfer and redistribution of funds from the various economic players with surplus savings to those who need freely obtainable funds through loans. This transfer and redistribution essentially accelerates the convergence of the four countries economics, through creating consumer debt closer to that of the developed and competitive western economies. The purpose of this paper is to research available statistics to evaluate and compare different aspects, conditions, and development of consumer credits in these four countries in terms of their progress with economic recovery, as a part of convergence after the crisis period, in Central Europe.

Suggested Citation

  • Martin Hudec, 2016. "Credit Indebtedness As Convergence Catalyst Of Economic Regeneration In The Visegrad Group Of Countries," CBU International Conference Proceedings, ISE Research Institute, vol. 4(0), pages 172-178, September.
    • Handle: RePEc:aad:iseicj:v:4:y:2016:i:0:p:172-178
    DOI: 10.12955/cbup.v4.758
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    More about this item

    Keywords

    consumer credit developmenteconomic growth; financial market; Visegrad group.;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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