Economic Performance and Financial Stability: Case of the Eurasian Economic Union
Economic Performance and Financial Stability: Case of the Eurasian Economic Union
Author(s): Vít Pošta, Aziya Mukusheva, Nurilya KuchukovaSubject(s): Business Economy / Management, Economic policy, Comparative politics, Economic development, Financial Markets
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Eurasian Economic Union; economic performance; financial stability; GMM; panel estimation;
Summary/Abstract: The paper presents an empirical evaluation of the relationship between some of the financial stability indicators and economic performance. It is focused on the sample of the members of the Eurasian Economic Union. Given some data limitations, dynamic panel analysis is performed. Nonperforming loans are identified as an important indicator of financial stability along with private credit and liquid reserves of commercial banks. These results are in line with many published studies focused on different sets of countries. Contrary to some published results no or little support is identified in the case of the number of commercial bank branches per capita and bank capital to asset ratio.
Journal: Ekonomický časopis
- Issue Year: 70/2022
- Issue No: 01
- Page Range: 22-35
- Page Count: 14
- Language: English