International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 221
Status : Paper published
Language : English
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Stanislav Polouček
Session : 2A Global Crisis
Credit Behaviour of Banks in the European Union in the Wake of Global Economic Crisis
Credit Behaviour of Banks in the European Union in the Wake of Global Economic Crisis
- Prof. Dr. Stanislav Polouček (VŠB-Technical University of Ostrava, Czech Republic)
Abstract
Recent financial crises hit many countries. The impact on Visegrad countries in credit area was not damaging. The main reason was stability and soundness of financial (banking) sectors in these countries and an adequate response of central banks as well as flexible management of commercial banks. Commercial banks, usually daughter companies of western banks, used above all domestic deposits for financing credits. This played a key role in credit area and helped to keep the financial system stable. It is important to underpin that responses to the crisis have been rather heterogeneous in central European countries and there are quite big disparities among Visegrad countries, too. In the paper developments and responses of the commercial banks to the crisis and their stability have been discussed on the basis of deposits, loans of monetary financial institutions to the non-financial sector, households, governments, lending for house purchase and credit for consumption in several EU countries. Net position of banks vis-á-vis foreign banks is taken into account, too.
JEL codes: G01, G21
Polouček, Stanislav (2010). "Credit Behaviour of Banks in the European Union in the Wake of Global Economic Crisis" in Proceedings of International Conference of Eurasian Economies 2010, pp.98-105, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00221
