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This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking…mehr

Produktbeschreibung
This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking sectors, the book shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries (the stake of foreign-owned banks is below 50% of assets in only five out of 20 countries), their strategies materially impact the development of CESEE banking sectors, which warrants our scientific exploration.

Arriving at a clear concludingpoint of view on the role of foreign-owned banks and providing insights for future policy of CESEEs towards foreign presence in their banking sectors, this book should be of interest to academics, students, and policymakers.

Autorenporträt
Mägorzata Iwanicz-Drozdowska is a full professor of finance at Warsaw School of Economics, Poland, and the head of the Financial System Department in the Institute of Finance. Paola Bongini is a professor of banking and finance at the University of Milan-Bicocca, Italy. She is dean of the undergraduate taught course in banking and finance and the postgraduate degree in economics and finance. Pawel Smaga is an assistant professor in the Institute of Finance at Warsaw School of Economics, Poland, and a senior economist at the National Bank of Poland. Bartosz Witkowski is an associate professor in the Institute of Econometrics at Warsaw School of Economics, Poland. His research specialization includes panel data analysis and its application in economics and finance.