The effects of prudential policy measures on financial stability in post-transition countries (CROSBI ID 199826)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Pečarić, Mario ; Visković, Josip
engleski
The effects of prudential policy measures on financial stability in post-transition countries
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.
prudential measures ; monetary controls ; financial stability ; bank-oriented financial systems ; panel data analysis
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Podaci o izdanju
31
2013.
9-34
objavljeno
1331-8004
1846-7520