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Challenges of financial integration in the Central and East European region

Author

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  • Éva Fischer

    (Magyar Nemzeti Bank (central bank of Hungary))

Abstract

Due to a high ratio of foreign ownership, countries in the Central and East European (CEE) region are characterised by particularly high financial integration. Therefore, contagion risks are high in both directions: a problem that develops in the country of a parent bank can easily spread to the countries of its subsidiaries; and likewise, a problem that evolves in the CEE region can spill over to the banking sector of the parent bank. In view of the significance of contagion risks, adequate capital and liquidity allocation within banking groups is crucial; in other words, continuous and safe operations must be ensured at all times for each member of the group. As their prudential and crisis management frameworks are rooted in a fundamentally national context, financial authorities have to deal with several challenges.

Suggested Citation

  • Éva Fischer, 2008. "Challenges of financial integration in the Central and East European region," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 3(3), pages 6-12, December.
    • Handle: RePEc:mnb:bullet:v:3:y:2008:i:3:p:6-12
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    More about this item

    Keywords

    financial crises; banks; other depository institutions; micro finance institutions; mortgages.;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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