Fiscal Determinants of Bank Lending Activities in the EU Countries

Kód výsledku v 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>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Fiscal Determinants of Bank Lending Activities in the EU Countries

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Fiscal Determinants of Bank Lending Activities in the EU Countries

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA14-28848S" target="_blank" >GA14-28848S: Finanční krize, depreciace a credit crunch v zemích střední a východní Evropy</a><br>

Návaznosti

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

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Conference Proceedings of the 5th International Scientific Conference Taxes in the World

ISBN

978-80-905405-1-4

ISSN

—

e-ISSN

—

Počet stran výsledku

10

Strana od-do

71-80

Název nakladatele

European Association Comenius o.s.

Místo vydání

Brno

Místo konání akce

Vídeň

Datum konání akce

10. 12. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000461004000008