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Will Western European Banks Pull Out of Central and Eastern Europe?

Author

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  • Olena Havrylchyk

Abstract

The current financial turmoil raises concerns about supportiveness of foreign banks from Western European countries for their Central and Eastern European subsidiaries. Foreign bank presence dominates banking business in almost all countries in the region, which would make their withdrawal very painful, if not catastrophic. For Austrian and Swedish banks, this region was a source of large profits in the last years, and, therefore, they are expected to stay in the region. While recognizing individual strengths and weaknesses of each country, such strong interconnectedness calls for a region wide approach for helping ailing banks.

Suggested Citation

  • Olena Havrylchyk, 2009. "Will Western European Banks Pull Out of Central and Eastern Europe?," La Lettre du CEPII, CEPII research center, issue 288.
    • Handle: RePEc:cii:cepill:2009-288
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    File URL: http://www.cepii.fr/PDF_PUB/lettre/2009/let288ang.pdf
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    Cited by:

    1. Bialkowski, Jedrzej & Otten, Roger, 2011. "Emerging market mutual fund performance: Evidence for Poland," The North American Journal of Economics and Finance, Elsevier, vol. 22(2), pages 118-130, August.

    More about this item

    Keywords

    CEECS; BANKING SYSTEM; FDI;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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