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The catching-up of the banking sector in South-Eastern Europe

Author

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  • Eszter Kazinczy

    () (Corvinus University of Budapest, Department of World Economy, Budapest, Hungary)

Abstract

The paper reviews the commercial banking sector’s development during the booming years before the current global crisis in Southeast Europe. Based on the analysis of a comprehensive dataset, a common, simplified economic model could be outlined for this period, where GDP growth has been fuelled by rapid credit growth. The latter was boosted both by foreign funding and swift deposit growth volumes. Nevertheless, beside the favourable catch-up process, the level of external imbalances, credit growth and currency mismatches raised sustainability concerns and the risk of overheating.

Suggested Citation

  • Eszter Kazinczy, 2013. "The catching-up of the banking sector in South-Eastern Europe," Society and Economy, Akadémiai Kiadó, Hungary, vol. 35(4), pages 493-511, December.
  • Handle: RePEc:aka:soceco:v:35:y:2013:i:4:p:493-511
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    More about this item

    Keywords

    Southeast Europe; banking sector; economic growth; catching-up;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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