Consumer Credits in the Czech Republic in the Context of Economic Development

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25840886%3A_____%2F19%3AN0000028" target="_blank" >RIV/25840886:_____/19:N0000028 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Consumer Credits in the Czech Republic in the Context of Economic Development
Original language description
The aim of this paper is to find out consequences between economic development (mainly real GDP growth) and the development of consumer loans provided by Financial Monetary Institutions (MFIs) and Financial Corporations Engaged in Lending (FCLs). In line with the aim, it is desirable to verify the hypothesis of the intertemporal approach to consumer credit in the case of the both consumer credit providers. The main methods are historical-logical and logical methods of induction, deduction and analysis, trend analysis and quantitative method using Pearson's correlation coefficient. The conclusions of the work point to the increasing indebtedness in the Czech Republic. In particular, the share of mortgage loans is growing at the expense of consumer credit. Consumers also prefer loans granted by MFIs. The intertemporal approach has not been confirmed: In some cases, the volume of loans is increasing at the time of economic expansion (and vice versa). The results of the correlation of GDP growth rate with consumer credit provided by MFIs show that consumer credit is growing faster than GDP. Correlation between consumer credit provided by FCLs and GDP growth rate is not significant.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY: Economic and Social Challenges for European Economy
ISBN
978-80-87291-25-2
ISSN
2571-1776
e-ISSN
2694-796X
Number of pages
10
Pages from-to
429-430
Publisher name
Vysoká škola PRIGO, z.ú.
Place of publication
Ostrava
Event location
Čeladná
Event date
Jan 1, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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