Izvorni znanstveni članak
The effects of prudential policy measures on financial stability in post-transition countries
Mario Pečarić
; Ekonomski fakultet Sveučilišta u Splitu, Split, Hrvatska; Ekonomski fakultet Sveučilišta u Rijeci, Rijeka, Hrvatska
Josip Visković
orcid.org/0000-0002-8797-1496
; Ekonomski fakultet Sveučilišta u Splitu, Split, Hrvatska
Sažetak
The empirical research of prudential measures effectiveness is still scarce, especially for central and southeast European countries. The aim of this paper is to analyze the effects of prudential policy on financial stability of post-transition bank-oriented countries using panel data analysis approach. Using the sample of central and southeast European countries for the period 1998 – 2010, we found that these measures generally reduce the level of non-performing loans, increase the level of profi tability, partially affect banking system liquidity, but do not improve credit to deposit ratio. We point out two main conclusions: (1) prudential measures positively affect banking system stability expressed through financial stability indicators; (2) prudential measures represent important instrument of a central bank orchestra.
Ključne riječi
Prudential measures; monetary controls; financial stability; bankoriented financial systems; panel data analysis
Hrčak ID:
104179
URI
Datum izdavanja:
21.6.2013.
Posjeta: 2.311 *