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The effects of prudential policy measures on financial stability in post-transition countries


Pečarić, Mario; Visković, Josip
The effects of prudential policy measures on financial stability in post-transition countries // Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, 31 (2013), 9-34 (međunarodna recenzija, članak, znanstveni)


Naslov
The effects of prudential policy measures on financial stability in post-transition countries

Autori
Pečarić, Mario ; Visković, Josip

Izvornik
Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business (1331-8084) 31 (2013); 9-34

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Prudential measures; monetary controls; financial stability; bank-oriented financial systems; panel data analysis

Sažetak
The empirical research of prudential measures effectiveness is still scarce, especially for central and southeast European countries. The aim of this paper is to analyze the effects of prudential policy on financial stability of post- transition bank-oriented countries using panel data analysis approach. Using the sample of central and southeast European countries for period 1998 – 2010 we found that these measures generally reduce the level of non-performing loans, increase the level of profitability, partially affect banking system liquidity, but do not improve credit to deposit ratio. We point out two main conclusions: (1) prudential measures positively affect banking system stability expressed through financial stability indicators ; (2) prudential measures represent important instrument of a central bank orchestra.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
055-0000000-0861 - Financijska politika i financijsko-ekonomski okvir podrške SME (Ljiljana Vidučić, )
081-0811403-1411 - Hrvatska financijska tržišta i institucije u procesu uključivanja u EU (Zdenko Prohaska, )

Ustanove
Ekonomski fakultet, Split

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • SCI-EXP, SSCI i/ili A&HCI


Uključenost u ostale bibliografske baze podataka:


  • ABI/INFORM
  • EconLit