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Determinants of Bank Lending Activities in the European Union Countries: Is There Any Difference Between Bank-based and Market-based Systems?

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43910578" target="_blank" >RIV/62156489:43110/15:43910578 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Determinants of Bank Lending Activities in the European Union Countries: Is There Any Difference Between Bank-based and Market-based Systems?

  • Original language description

    Banks and financial markets are considered to be the main source of liquidity in economy. Therefore, they play a really important role in the process of providing credit to economic agents and could be responsible for the possible credit crunch problem. However, many factors could influence the lending activities of banks. The objective of the paper is to identify the link between the European bank lending activities and main macroeconomic shocks and institutional variables in the sample of EU countries within the period 1998-2013. Moreover, we differentiate between the bank-based and market based economies. The microeconomic data are provided by the Bankscope database, macroeconomic shocks and institutional data are drawn from Eurostat on-line database. We employ robust OLS estimator to identify the main determinants of bank lending activities. The results confirm significant impact of macroeconomic shocks, banking controls and institutional variables on European lending activities. While the impact of inflation rate is stronger in market-based countries, the economic activity is more important in bank-based countries. The impact of monetary policy interest rates is debatable; this variable proved to be non-significant in all models. Instead, central bank financial assets played an important role in the process of bank lending activities.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

    <a href="/en/project/GA14-28848S" target="_blank" >GA14-28848S: Financial Crisis, Depreciation and Credit Crunch in CEECs</a><br>

  • Continuities

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

Others

  • Publication year

    2015

  • Confidentiality

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

Data specific for result type

  • Article name in the collection

    Economic Policy in the European Union Member Countries: Conference Proceedings

  • ISBN

    978-80-248-3796-3

  • ISSN

  • e-ISSN

  • Number of pages

    12

  • Pages from-to

    315-326

  • Publisher name

    Vysoká škola báňská -Technická univerzita Ostrava

  • Place of publication

    Ostrava

  • Event location

    Karolinka

  • Event date

    Sep 2, 2015

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article