Banking Contagion under Different Exchange Rate Regimes in CEE

Kutasi, Gábor (2015) Banking Contagion under Different Exchange Rate Regimes in CEE. Society and Economy, 37 (1). pp. 109-127.

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The global crisis of 2008 caused both liquidity shortage and increasing insolvency in the banking system. The study focuses on credit default contagion in the Central and Eastern European (CEE) region, which originated in bank runs generated by non-performing loans granted to non-financial clients. In terms of methodology, the paper relies on one hand on review of the literature, and on the other hand on a data survey with comparative and regression analysis. To uncover credit default contagion, the research focuses on the combined impact of foreign exchange rates and foreign private indebtedness.

Item Type:Article
Uncontrolled Keywords:financial contagion, banking, Central and Eastern Europe, foreign exchange rate, non-performing loan
JEL classification:F31 - Foreign Exchange
F37 - International Finance Forecasting and Simulation: Models and Applications
G17 - Financial Forecasting and Simulation
G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G33 - Bankruptcy; Liquidation
Divisions:Faculty of Economics > Department of World Economy
Funders:Bolyai Janos Scholarship of the Hungarian Academy of Science
Projects:530069-LLP-1-2012-1-CZ-AJM-RE Jean Monnet LLP, TÁMOP 4.2.4.A/2-11-1-2012-0001
ID Code:1881
Deposited By: Ádám Hoffmann
Deposited On:25 Mar 2015 12:21
Last Modified:13 Dec 2021 09:03

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