Price Indicators as a Measure of Credit Market Integration in the Visegrad Countries

Result code in IS VaVaI

RIV/47813059:19520/12:#0002111 - isvavai.cz

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Price Indicators as a Measure of Credit Market Integration in the Visegrad Countries

Original language description

In this paper we assess with price indicators the extent to which credit markets in the Visegrad countries are integrated with the Eurozone countries and we test the hypothesis that the markets of loans provided to nonfinancial companies are more integrated than the markets of loans provided to households in the Visegrad countries. Analysis is based on monthly values of four interest rates for the period January 2005-March 2010. Convergence is taking place in all the analyzed segments of credit market.However, the speed of convergence and the degree of convergence differs among market segments and countries. The tested hypothesis has not been fully confirmed: the markets of loans to nonfinancial companies are more integrated than the consumer loan markets, but less integrated than the mortgage loan markets.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

GA402/08/0067: Financial Integration of the EU New Member States with Eurozone

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2012

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Romanian Journal of Economic Forecasting

ISSN

1582-6163

e-ISSN

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Volume of the periodical

15

Issue of the periodical within the volume

1

Country of publishing house

RO - ROMANIA

Number of pages

12

Pages from-to

62-73

UT code for WoS article

000302395700004

EID of the result in the Scopus database

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