Impact of Macroeconomic Determinants on Non-performing Loans in Central and Eastern European Countries

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Impact of Macroeconomic Determinants on Non-performing Loans in Central and Eastern European Countries

Popis výsledku v původním jazyce

The aim of the paper is to examine and quantify impact of macroeconomic determinants on non-performing loans (NPLs) in selected Central and Eastern European countries in a period 2000-2013. The empirical evidence is performed on aggregate annual, country-level data from Eurostat and Helgi database for 11 CEE countries: Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Next variables are used in the analysis: GDP growth, unemployment rate, inflation rate, budget balance to GDP and debt to GDP. Panel regression with fixed effects analysis identified statistically significant impact of unemployment, GDP growth and a crisis on NPLs. Change of unemployment is the most important macroeconomic factor for NPLs changes as an increase of unemployment rate by 1 percentage point is associated with an increase of NPL ratio by 0.64 percentage point. Next, an increase of GDP growth rate by 1 percentage point leads to a decrease of NPLs by

Název v anglickém jazyce

Impact of Macroeconomic Determinants on Non-performing Loans in Central and Eastern European Countries

Popis výsledku anglicky

The aim of the paper is to examine and quantify impact of macroeconomic determinants on non-performing loans (NPLs) in selected Central and Eastern European countries in a period 2000-2013. The empirical evidence is performed on aggregate annual, country-level data from Eurostat and Helgi database for 11 CEE countries: Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Next variables are used in the analysis: GDP growth, unemployment rate, inflation rate, budget balance to GDP and debt to GDP. Panel regression with fixed effects analysis identified statistically significant impact of unemployment, GDP growth and a crisis on NPLs. Change of unemployment is the most important macroeconomic factor for NPLs changes as an increase of unemployment rate by 1 percentage point is associated with an increase of NPL ratio by 0.64 percentage point. Next, an increase of GDP growth rate by 1 percentage point leads to a decrease of NPLs by

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

O - Projekt operacniho programu

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedengs of the 8th International Conference on Currency, Banking and International Finance

ISBN

978-80-225-4034-6

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

389-400

Název nakladatele

Ekonóm

Místo vydání

Bratislava

Místo konání akce

Ekonomická univerzita v Bratislavě

Datum konání akce

10. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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