Rola kapitału zagranicznego w sektorze bankowym dla stabilności finansowej i rozwoju gospodarczego krajów postkomunistycznych
The Role of Foreign Capital in the Banking Sector for Financial Stability and Economic Development in Post-Communist Countries
Author(s): Bartosz Witkowski, Paweł Smaga, Paola Bongini, Małgorzata Iwanicz-DrozdowskaSubject(s): Supranational / Global Economy, Business Economy / Management, Economic policy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today), Post-Communist Transformation
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: subsidiaries; foreign capital; financial stability; economic development;
Summary/Abstract: The foreign capital in the banking sector plays an important role in Central, Eastern and South-Eastern European (CESEE) countries. The global financial crisis has shown that apart from the positive impact of foreign-owned banks, they also constitute a transmission channel for shocks to host countries. This study covers 20 CESEE countries over the period 1995–2014 and concentrates on the role of foreign-owned banks for financial stability and economic growth. Our results indicate that their role is neutral, however, a negative impact may be indirect because of their aggressive lending policies.
Journal: Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia
- Issue Year: LI/2017
- Issue No: 5
- Page Range: 129-137
- Page Count: 9
- Language: Polish