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Koszty restrukturyzacji sektora bankowego w Polsce

Author

Listed:
  • Pawlikowski, Adam
  • Serwa, Dobromil

Abstract

The aim of this paper is to estimate the costs of banking sector restructuring in Poland, borne by the government and the central bank in the years 1993-2006. The authors focused mainly on the assistance measures that directly contributed to generating costs. Aggregated costs of the banking sector restructuring borne in the years 1993-2006 by public bodies amounted to 18.6 billion zloty (22.4 billion zloty in 2006 prices), corresponding to 2.61% of the annual GDP. The largest costs related to the tools employed in the banking sector restructuring process were those of servicing restructuring bonds allocated by the State Treasury to finance threatened banks (over 80% of total costs). The largest share of assistance went to state-owned banks, i.e. 90.3% in current prices. Total costs of banking sector restructuring in Poland are not high when compared to such costs in other transition countries.

Suggested Citation

  • Pawlikowski, Adam & Serwa, Dobromil, 2007. "Koszty restrukturyzacji sektora bankowego w Polsce," MPRA Paper 24080, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:24080
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    File URL: https://mpra.ub.uni-muenchen.de/24080/1/MPRA_paper_24080.pdf
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    References listed on IDEAS

    as
    1. Edda Zoli, 2001. "Cost and Effectiveness of Banking Sector Restructuring in Transition Economies," IMF Working Papers 01/157, International Monetary Fund.
    2. Ewa Balcerowicz & Andrzej Bratkowski, 2001. "Restructuring and Development of the Banking Sector in Poland. Lessons to be Learnt by Less Advanced Transition Countries," CASE Network Reports 0044, CASE-Center for Social and Economic Research.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    banking sector restructuring; banking crises; fiscal costs; financial stability;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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