Macroeconomic Determinants of Bad Loans in Baltic Countries and Romania
Macroeconomic Determinants of Bad Loans in Baltic Countries and Romania
Author(s): Liliana Donath, Veronica Mihuțescu Cerna, Ionela Maria OpreaSubject(s): National Economy, Business Economy / Management, Economic development, Financial Markets
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Banking crises; Bad loans; Economic growth;
Summary/Abstract: The 2008–09 global crisis raised debates concerning the determinants of financial vulnerability. Among these, bad loans have been identified as significantly influencing financial imbalances. After a decade in which borrowing has constantly grown mainly because of the deregulation of financial markets, the crisis highlighted the importance of an effective credit risk management. The purpose of the paper is to study the evolution of bad loans ratio in relation with selected macroeconomic indicators in the Baltic countries (Estonia, Latvia and Lithuania) and Romania.
Journal: SEA – Practical Application of Science
- Issue Year: II/2014
- Issue No: 06
- Page Range: 71-80
- Page Count: 10
- Language: English