| Title: | The trade deficit and banking sector results in Romania and Bulgaria |
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| Authors: | ID Kavkler, Alenka (Author)
ID Festić, Mejra (Author) |
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| Files: |  Amfiteatru_Economic_2010_Kavkler,_Festic_the_Trade_Deficit_and_Banking_Sector_Results_in_Romania_and_Bulgaria.pdf (311,73 KB)
MD5: 3885F86223D6E1ECA4FA09DD05F1BB26
PID: 20.500.12556/dkum/bdf7f747-f9a1-43df-a00b-8ca96d83c012
 http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=947
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | We tested for the significance of macroeconomic variables that condition non-performing loan ratios. Our estimates for Bulgaria and Romania support the hypothesis that the growth of available finance might harm banking performance and deteriorate NPL dynamics, most probably due to the overheatingof economies. Since we confirmed that the dynamics of net exports of these economies deteriorated the NPL ratio, the weakening of growth in export-oriented industries could lead to economic contraction with a direct impact on the sustainability of banking-sector results in these countries. Large current account deficits are typical for emerging markets and do not pose a problem as long as they are caused by the importing of capital goods, and, if future export growth is strong enough to reimburse foreign debt. Structural dependence on external financing - which is in part a by-product of the effect of low levels of internal saving - have led to large current account deficits and financial instability. |
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| Keywords: | cyclicality, non-performing loans, systemic risk, asset quality, economic growth |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Year of publishing: | 2010 |
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| Number of pages: | str. 199-213 |
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| Numbering: | Letn. 12, št. 27 |
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| PID: | 20.500.12556/DKUM-66989  |
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| ISSN: | 1582-9146 |
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| UDC: | 336.7(498:497.2) |
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| ISSN on article: | 1582-9146 |
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| COBISS.SI-ID: | 10105884 |
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| NUK URN: | URN:SI:UM:DK:CJK90NBZ |
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| Publication date in DKUM: | 24.07.2017 |
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| Views: | 1100 |
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| Downloads: | 115 |
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| Metadata: |    |
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| Categories: | Misc.
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