Fiscal Determinants of Bank Lending Activities in the EU Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43912823" target="_blank" >RIV/62156489:43110/15:43912823 - 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
Fiscal Determinants of Bank Lending Activities in the EU Countries
Original language description
Banking institutions play a really important role in the process of providing credit to economic agents and are responsible for recovery after the financial crisis in the Europe. The objective of the paper is to identify the link between the European bank lending activities and main macroeconomic shocks, banking controls, and fiscal variables in the sample of EU-27 countries within the period 1998-2013. The microeconomic data are provided by the Bankscope database, macroeconomic shocks and fiscal 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 fiscal variables on European lending activity. Not surprisingly, the impact of monetary policy interest rates is debatable. Instead, central bank financial assets played an important role in the process of bank lending activities. In case of fiscal policy, indirect taxes had a negative impact on lending activities and direct taxes proved to be non-significant; i.e. governments should assist the central bank to support lending activities by lowering the indirect taxes.
Czech name
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Czech description
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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)

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference Proceedings of the 5th International Scientific Conference Taxes in the World
ISBN
978-80-905405-1-4
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
71-80
Publisher name
European Association Comenius o.s.
Place of publication
Brno
Event location
Vídeň
Event date
Dec 10, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000461004000008

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