Eintrag weiter verarbeiten
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective
Gespeichert in:
| Zeitschriftentitel: | Management & Marketing. Challenges for the Knowledge Society |
|---|---|
| Personen und Körperschaften: | , , |
| In: | Management & Marketing. Challenges for the Knowledge Society, 15, 2020, 4, S. 621-642 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Walter de Gruyter GmbH
|
| Schlagwörter: |
| author_facet |
Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu |
|---|---|
| author |
Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu |
| spellingShingle |
Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu Management & Marketing. Challenges for the Knowledge Society Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective General Business, Management and Accounting |
| author_sort |
tatarici, luminita roxana |
| spelling |
Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu 2069-8887 Walter de Gruyter GmbH General Business, Management and Accounting http://dx.doi.org/10.2478/mmcks-2020-0036 <jats:title>Abstract</jats:title> <jats:p>This article investigates the determinants of non-performing loans for a panel of EEC countries and the implications for the real economy, covering the period 2005-2017. Among the determinants, the paper proposes macroeconomic factors, banking sector variables, and cost and governance indicators. Additionally, the paper explores the extensive use of macroprudential measures in these countries. Using a panel with fixed effects and a dynamic GMM estimator, the results support the existing findings that adverse macroeconomic developments are generally associated with higher non-performing loans, while increases in NPLs have a rather transitory effect on the real economy and credit. NPL ratios increase if macroeconomic conditions deteriorate, while an improvement in the government effectiveness reduces them. A more profitable and better capitalized banking sector generally leads to lower NPLs. Moreover, countries with higher past credit growth rates witnessed higher NPLs in the periods that followed. These results support the use of macroprudential measures for increasing the resilience of borrowers, such as limits on the indebtedness level (such as debt service-to-income, DSTI or loan-to-value, LTV caps), as tools to temper the credit cycle.</jats:p> Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective Management & Marketing. Challenges for the Knowledge Society |
| doi_str_mv |
10.2478/mmcks-2020-0036 |
| facet_avail |
Online Free |
| format |
ElectronicArticle |
| fullrecord |
blob:ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9tbWNrcy0yMDIwLTAwMzY |
| id |
ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9tbWNrcy0yMDIwLTAwMzY |
| institution |
DE-D275 DE-Bn3 DE-Brt1 DE-Zwi2 DE-D161 DE-Gla1 DE-Zi4 DE-15 DE-Pl11 DE-Rs1 DE-105 DE-14 DE-Ch1 DE-L229 |
| imprint |
Walter de Gruyter GmbH, 2020 |
| imprint_str_mv |
Walter de Gruyter GmbH, 2020 |
| issn |
2069-8887 |
| issn_str_mv |
2069-8887 |
| language |
English |
| mega_collection |
Walter de Gruyter GmbH (CrossRef) |
| match_str |
tatarici2020determinantsofnonperformingloansfortheeecregionafinancialstabilityperspective |
| publishDateSort |
2020 |
| publisher |
Walter de Gruyter GmbH |
| recordtype |
ai |
| record_format |
ai |
| series |
Management & Marketing. Challenges for the Knowledge Society |
| source_id |
49 |
| title |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_unstemmed |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_full |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_fullStr |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_full_unstemmed |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_short |
Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_sort |
determinants of non-performing loans for the eec region. a financial stability perspective |
| topic |
General Business, Management and Accounting |
| url |
http://dx.doi.org/10.2478/mmcks-2020-0036 |
| publishDate |
2020 |
| physical |
621-642 |
| description |
<jats:title>Abstract</jats:title>
<jats:p>This article investigates the determinants of non-performing loans for a panel of EEC countries and the implications for the real economy, covering the period 2005-2017. Among the determinants, the paper proposes macroeconomic factors, banking sector variables, and cost and governance indicators. Additionally, the paper explores the extensive use of macroprudential measures in these countries. Using a panel with fixed effects and a dynamic GMM estimator, the results support the existing findings that adverse macroeconomic developments are generally associated with higher non-performing loans, while increases in NPLs have a rather transitory effect on the real economy and credit. NPL ratios increase if macroeconomic conditions deteriorate, while an improvement in the government effectiveness reduces them. A more profitable and better capitalized banking sector generally leads to lower NPLs. Moreover, countries with higher past credit growth rates witnessed higher NPLs in the periods that followed. These results support the use of macroprudential measures for increasing the resilience of borrowers, such as limits on the indebtedness level (such as debt service-to-income, DSTI or loan-to-value, LTV caps), as tools to temper the credit cycle.</jats:p> |
| container_issue |
4 |
| container_start_page |
621 |
| container_title |
Management & Marketing. Challenges for the Knowledge Society |
| container_volume |
15 |
| format_de105 |
Article, E-Article |
| format_de14 |
Article, E-Article |
| format_de15 |
Article, E-Article |
| format_de520 |
Article, E-Article |
| format_de540 |
Article, E-Article |
| format_dech1 |
Article, E-Article |
| format_ded117 |
Article, E-Article |
| format_degla1 |
E-Article |
| format_del152 |
Buch |
| format_del189 |
Article, E-Article |
| format_dezi4 |
Article |
| format_dezwi2 |
Article, E-Article |
| format_finc |
Article, E-Article |
| format_nrw |
Article, E-Article |
| _version_ |
1792340926392172545 |
| geogr_code |
not assigned |
| last_indexed |
2024-03-01T16:11:47.557Z |
| geogr_code_person |
not assigned |
| openURL |
url_ver=Z39.88-2004&ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fvufind.svn.sourceforge.net%3Agenerator&rft.title=Determinants+of+Non-Performing+Loans+for+the+EEC+Region.+A+Financial+Stability+Perspective&rft.date=2020-12-01&genre=article&issn=2069-8887&volume=15&issue=4&spage=621&epage=642&pages=621-642&jtitle=Management+%26+Marketing.+Challenges+for+the+Knowledge+Society&atitle=Determinants+of+Non-Performing+Loans+for+the+EEC+Region.+A+Financial+Stability+Perspective&aulast=Barnea&aufirst=Dinu&rft_id=info%3Adoi%2F10.2478%2Fmmcks-2020-0036&rft.language%5B0%5D=eng |
| SOLR | |
| _version_ | 1792340926392172545 |
| author | Tatarici, Luminita Roxana, Kubinschi, Matei Nicolae, Barnea, Dinu |
| author_facet | Tatarici, Luminita Roxana, Kubinschi, Matei Nicolae, Barnea, Dinu, Tatarici, Luminita Roxana, Kubinschi, Matei Nicolae, Barnea, Dinu |
| author_sort | tatarici, luminita roxana |
| container_issue | 4 |
| container_start_page | 621 |
| container_title | Management & Marketing. Challenges for the Knowledge Society |
| container_volume | 15 |
| description | <jats:title>Abstract</jats:title> <jats:p>This article investigates the determinants of non-performing loans for a panel of EEC countries and the implications for the real economy, covering the period 2005-2017. Among the determinants, the paper proposes macroeconomic factors, banking sector variables, and cost and governance indicators. Additionally, the paper explores the extensive use of macroprudential measures in these countries. Using a panel with fixed effects and a dynamic GMM estimator, the results support the existing findings that adverse macroeconomic developments are generally associated with higher non-performing loans, while increases in NPLs have a rather transitory effect on the real economy and credit. NPL ratios increase if macroeconomic conditions deteriorate, while an improvement in the government effectiveness reduces them. A more profitable and better capitalized banking sector generally leads to lower NPLs. Moreover, countries with higher past credit growth rates witnessed higher NPLs in the periods that followed. These results support the use of macroprudential measures for increasing the resilience of borrowers, such as limits on the indebtedness level (such as debt service-to-income, DSTI or loan-to-value, LTV caps), as tools to temper the credit cycle.</jats:p> |
| doi_str_mv | 10.2478/mmcks-2020-0036 |
| facet_avail | Online, Free |
| format | ElectronicArticle |
| format_de105 | Article, E-Article |
| format_de14 | Article, E-Article |
| format_de15 | Article, E-Article |
| format_de520 | Article, E-Article |
| format_de540 | Article, E-Article |
| format_dech1 | Article, E-Article |
| format_ded117 | Article, E-Article |
| format_degla1 | E-Article |
| format_del152 | Buch |
| format_del189 | Article, E-Article |
| format_dezi4 | Article |
| format_dezwi2 | Article, E-Article |
| format_finc | Article, E-Article |
| format_nrw | Article, E-Article |
| geogr_code | not assigned |
| geogr_code_person | not assigned |
| id | ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9tbWNrcy0yMDIwLTAwMzY |
| imprint | Walter de Gruyter GmbH, 2020 |
| imprint_str_mv | Walter de Gruyter GmbH, 2020 |
| institution | DE-D275, DE-Bn3, DE-Brt1, DE-Zwi2, DE-D161, DE-Gla1, DE-Zi4, DE-15, DE-Pl11, DE-Rs1, DE-105, DE-14, DE-Ch1, DE-L229 |
| issn | 2069-8887 |
| issn_str_mv | 2069-8887 |
| language | English |
| last_indexed | 2024-03-01T16:11:47.557Z |
| match_str | tatarici2020determinantsofnonperformingloansfortheeecregionafinancialstabilityperspective |
| mega_collection | Walter de Gruyter GmbH (CrossRef) |
| physical | 621-642 |
| publishDate | 2020 |
| publishDateSort | 2020 |
| publisher | Walter de Gruyter GmbH |
| record_format | ai |
| recordtype | ai |
| series | Management & Marketing. Challenges for the Knowledge Society |
| source_id | 49 |
| spelling | Tatarici, Luminita Roxana Kubinschi, Matei Nicolae Barnea, Dinu 2069-8887 Walter de Gruyter GmbH General Business, Management and Accounting http://dx.doi.org/10.2478/mmcks-2020-0036 <jats:title>Abstract</jats:title> <jats:p>This article investigates the determinants of non-performing loans for a panel of EEC countries and the implications for the real economy, covering the period 2005-2017. Among the determinants, the paper proposes macroeconomic factors, banking sector variables, and cost and governance indicators. Additionally, the paper explores the extensive use of macroprudential measures in these countries. Using a panel with fixed effects and a dynamic GMM estimator, the results support the existing findings that adverse macroeconomic developments are generally associated with higher non-performing loans, while increases in NPLs have a rather transitory effect on the real economy and credit. NPL ratios increase if macroeconomic conditions deteriorate, while an improvement in the government effectiveness reduces them. A more profitable and better capitalized banking sector generally leads to lower NPLs. Moreover, countries with higher past credit growth rates witnessed higher NPLs in the periods that followed. These results support the use of macroprudential measures for increasing the resilience of borrowers, such as limits on the indebtedness level (such as debt service-to-income, DSTI or loan-to-value, LTV caps), as tools to temper the credit cycle.</jats:p> Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective Management & Marketing. Challenges for the Knowledge Society |
| spellingShingle | Tatarici, Luminita Roxana, Kubinschi, Matei Nicolae, Barnea, Dinu, Management & Marketing. Challenges for the Knowledge Society, Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective, General Business, Management and Accounting |
| title | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_full | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_fullStr | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_full_unstemmed | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_short | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| title_sort | determinants of non-performing loans for the eec region. a financial stability perspective |
| title_unstemmed | Determinants of Non-Performing Loans for the EEC Region. A Financial Stability Perspective |
| topic | General Business, Management and Accounting |
| url | http://dx.doi.org/10.2478/mmcks-2020-0036 |