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Development of the Banking Sector in CEE Countries – Comparative Analysis

Author

Listed:
  • Lidija Barjaktarović

    () (Assistant Professor, University Singidunum, Belgrade, Serbia)

  • Maja Paunović

    () (Teaching Assistant, University Union Nikola Tesla, Faculty of Management, Sremski Karlovci, Serbia)

  • Dejan Ječmenica

    () (Head of Human Resources Department, Wiener Städtische , Vienna Insurance Group, Belgrade, Serbia)

Abstract

This paper discusses trends in the banking sector in the region of Central and Eastern Europe (CEE) in the period from 2005 to 2010. Having in mind the fact that the CEE region includes countries with different development levels (those that are in the process of transition and countries that have already completed reform changes with more or less success), the following countries are analyzed: Serbia, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia, Romania, Bulgaria and Hungary. The aim of this research is to show the negative influence of the first wave of the global economic and financial crisis on the banking sectors in the aforementioned countries. The research will be based on collecting data prepared by the relevant financial institutions and putting those financial indicators in relation to GDP using quantity methods and finding relation by applying the Pearson correlation finding the correlation by applying the Pearson correlation. The main results of the research aim to prove negative effects of the economic crisis on the banking sectors of the selected CEE countries. Some future analyses will investigate into which international financial instruments will cover the lack of equity in those markets.

Suggested Citation

  • Lidija Barjaktarović & Maja Paunović & Dejan Ječmenica, 2013. "Development of the Banking Sector in CEE Countries – Comparative Analysis," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 2(2), pages 93-114.
  • Handle: RePEc:cbk:journl:v:2:y:2013:i:2:p:93-114
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    File URL: http://www.cbcg.me/repec/cbk/journl/vol2no2-6.pdf
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    References listed on IDEAS

    as
    1. Davide Furceri & Aleksandra Zdzienicka, 2010. "Banking Crises and Short and Medium Term Output Losses in Developing Countries: The Role of Structural and Policy Variables," Working Papers 1014, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    2. Sasa Zikovic & Bora Aktan, 2009. "Global financial crisis and VaR performance in emerging markets: A case of EU candidate states - Turkey and Croatia," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics, vol. 27(1), pages 149-170.
    3. Sonsoles Gallego & Sándor Gardó & Reiner Martin & Luis Molina & José María Serena, 2010. "The Impact of the Global Economic and Financial Crisis on Central Eastern and SouthEastern Europe (CESEE) and Latin America," Occasional Papers 1002, Banco de España;Occasional Papers Homepage.
    4. Frederic S. Mishkin, 2011. "Over the Cliff: From the Subprime to the Global Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 49-70, Winter.
    5. Gardó, Sándor & Martin, Reiner, 2010. "The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise," Occasional Paper Series 114, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    CEE countries; crisis; assets of the banking sector; ownership structure; credit potential and deposit potential;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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