СтаттяЗовнішня публікація20 липня 2021 р.

Development Prospects of Banking Sector in Central and Eastern European Countries in Terms of Financial Integration

Darya ChumachenkoTatyana DerkachORCIDVitalina BabenkoORCIDMarharyta KrutkoSergey YakubovskіyORCIDTatiana RodionovaORCID

Анотація

This study examines banking transformations in Central and Eastern Europe (CEE) under conditions of economic liberalization, dependence between economic development of countries and efficiency of their banking systems. The comparative method and methods of economic-mathematical modeling were applied. Considering the positive correlation between financial structure and economic growth, confirmed by literature findings, the development of the financial sector can become a crucial factor in convergence for the new EU members. Analysis revealed lower depth of financial sector in Central and Eastern European countries region in comparison to the Eurozone, but higher efficiency and growth rates. Regression models confirmed the significant causality between financial sector expansion and economic growth of CEE countries, but extremely high foreign market shares in the banking sector of region create prerequisites for financial shocks transmission through contagion channel in case of economic instability in the countries of banks’ origin.

Класифікація

Домен

Social SciencesPhysical SciencesLife Sciences

Галузь

Economics, Econometrics and FinanceEnvironmental ScienceAgricultural and Biological Sciences

Підгалузь

General Economics, Econometrics and FinanceManagement, Monitoring, Policy and LawGeneral Agricultural and Biological Sciences

Тема

★Economic Issues in UkraineBusiness and Economic DevelopmentAgriculture Market Analysis Ukraine

Ідентифікатори

DOI: 10.25115/eea.v39i7.4949

Рецензії (0)

Написати рецензію

Рецензій ще немає. Будьте першим!

Коментарі до статті

Коментарів ще немає

Увійдіть щоб залишити коментар