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Banking sector (under?) development in Central and Eastern Europe

Author

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  • von Hagen, Jürgen
  • Dinger, Valeriya

Abstract

By introducing a new measure of the banking systems' size, the paper challenges the existing consensus on severe underdevelopment of the CEE banking sectors. We argue that the existing studies on the size of CEE banking systems exaggerate the real degree of underdevelopment because common measures of the size of the banking system produce downward biased results when applied to transition economies. We compare various measures of the size of the CEE banking sectors with those of several 'old' European Union (EU) member countries which are used as benchmarks. The comparison indicates that indeed the banking sectors in the CEE countries lag behind the most developed financial systems in the EU, but are very close to the levels in the financially less developed EU countries.

Suggested Citation

  • von Hagen, Jürgen & Dinger, Valeriya, 2005. "Banking sector (under?) development in Central and Eastern Europe," ZEI Working Papers B 06-2005, University of Bonn, ZEI - Center for European Integration Studies.
    • Handle: RePEc:zbw:zeiwps:b062005
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    File URL: https://www.econstor.eu/bitstream/10419/39448/1/496717049.pdf
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    Citations

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    Cited by:

    1. Kazimierz Michal Kelles-Krauz, 2008. "The role of structured finance in the overall funding strategy of the CEE banks. The case of Asset Securitisation," Proceedings Papers of Business Sciences: Symposium for Young Researchers (FIKUSZ) 2008, in: László Áron Kóczy (ed.),FIKUSZ 2008 Business Sciences - Symposium for Young Researchers: Proceedings, pages 93-106, Óbuda University, Keleti Faculty of Business and Management.

    More about this item

    Keywords

    financial intermediation; transition economies; banking sector's size;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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