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BL
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| Record Number
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859379
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| Main Entry
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Iwanicz-Drozdowska, Małgorzata
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| Title & Author
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Foriegn-owned banks : : the role of ownership in post-communist European countries /\ Małgorzata Iwanicz-Drozdowska [and 3 others].
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| Publication Statement
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Cham, Switzerland :: Palgrave Macmillan,, [2018]
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| Series Statement
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Studies in economic transition
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| Page. NO
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1 online resource
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| ISBN
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3030011119
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: 9783030011116
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3030011100
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9783030011109
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Intro; Contents; List of Figures; List of Maps; List of Tables; Chapter 1: Introduction; Bibliography; Chapter 2: CESEE Countries: Historical Background, Transition, andDevelopment; 2.1 A Brief History ofCESEE Countries; 2.2 Economic andPolitical Transition; 2.3 How Developed Are CESEE Countries?; 2.4 What Are theDevelopment Driving Forces?; Bibliography; Chapter 3: Foreign Bank Entry into CESEE Countries inthe1990s andAfterwards; 3.1 Why Did Foreign Banks Decide toEnter?; 3.2 Entry Strategies andOrganizational Forms; 3.3 Performance ofForeign-Owned Banks; 3.4 Conclusions
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5.1.2 The Perils ofFX Lending5.1.3 Unsustainable Credit Cycles inCESEEs: FromBoom toBust; 5.1.4 Macrofinancial Impact oftheGlobal Financial Crisis; 5.1.5 Reponses totheCrisis; 5.2 Measures ofFinancial Stability inCESEE Countries11; 5.3 Do Foreign-Owned Banks Promote Financial Stability? Differences BetweenForeign-Owned andDomestic-Owned Banks16; 5.3.1 Financial Strength Index andZ-Score; 5.4 What Drives Financial Stability inCESEE Banking Sectors?21; 5.5 Financial Stability Outlook intheCESEEs; Bibliography; Chapter 6: Impact ofForeign-Owned Banks onEconomic Development
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6.1 Economic Growth andFinancial Development: Theory andEvidence6.2 Finance andGrowth inCESEE Countries; 6.3 Is Foreign Bank Credit Growth-Enhancing?; 6.4 Foreign Ownership inCESEE Countries: Evidence fromaLarge Sample andExtended Sample Period; 6.4.1 Measures ofMacroeconomic Environment; 6.4.2 Measures ofInstitutional Environment; 6.4.3 Measures ofFinancial Development andForeign Ownership; 6.4.4 The Model; 6.5 Conclusions; Bibliography; Chapter 7: Concluding Remarks: Who Is theWinner ofForeign Banks' Presence?; Bibliography; Index
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| Abstract
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This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking sectors, the book shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries (the stake of foreign-owned banks is below 50% of assets in only five out of 20 countries), their strategies materially impact the development of CESEE banking sectors, which warrants our scientific exploration. Arriving at a clear concluding point of view on the role of foreign-owned banks and providing insights for future policy of CESEEs towards foreign presence in their banking sectors, this book should be of interest to academics, students, and policymakers.--
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| Subject
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Banks and banking, Foreign-- Europe.
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Post-communism-- Economic aspects-- Europe.
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Banks and banking, Foreign.
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| Subject
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Post-communism-- Economic aspects.
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| Subject
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Europe.
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| Dewey Classification
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332.1/50947
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| LC Classification
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HG2980.7.I93 2018
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