Non-Performing Loans in Central and Southeast Europe (Record no. 8804)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03308nam a22003377u 4500 |
| 001 - CONTROL NUMBER | |
| control field | pwiiw4962 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260516120038.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190614t2019 au ||||| |||| 00| ||eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OSt |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 084 ## - OTHER CLASSIFICATION NUMBER | |
| Classification number | G01 |
| -- | G21 |
| Number source | jelc |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Bykova, Alexandra |
| 245 10 - TITLE STATEMENT | |
| Title | Non-Performing Loans in Central and Southeast Europe |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Wien : |
| Name of publisher, distributor, etc. | Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), |
| Date of publication, distribution, etc. | 2019. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 29 S., |
| Other physical details | 6 Tables and 9 Figures, |
| Dimensions | 30cm. |
| 490 1# - SERIES STATEMENT | |
| Series statement | wiiw Policy Notes and Reports |
| Volume/sequential designation | 32 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Exploring the determinants of credit risk has gained importance in the aftermath of the global financial crisis, which caused a sharp increase in non-performing loans (NPLs) in Central, East and Southeast Europe. In this note we first analyse the post-crisis trends in NPLs comparing five Southeast European countries with their peers in Central and Eastern Europe. Second, we estimate the effect of key macroeconomic drivers on NPL development in the region. We distinguish between total household loans, non-secured consumer loans, housing loans and loans to non-financial corporations, and investigate separately their corresponding determinants.<br/><br/>On average across the five Southeast European countries examined (Bosnia and Herzegovina, Croatia, Montenegro, Serbia, and Slovenia), after the crisis asset quality of corporate loans deteriorated more strongly than that of household loans. We find that GDP growth has a negative and statistically significant impact on NPLs for all types of loans. However, the impact on corporate loan quality is much greater than for households, and in particular for consumer loans (housing loans’ NPLs show a stronger negative relationship with GDP growth). We therefore conclude that the consumer loan quality is less susceptible to the business cycle than either corporate or housing lending. One possible explanation for this is that the amounts involved are smaller, and can often be serviced in times of difficulty by friends or relatives. This probably included relatives living abroad, given that outward migration from the Western Balkans is so high, and remittances inflows so large.<br/><br/>We find that various other macroeconomic indicators have an impact on asset quality. Rises in consumer and producer price inflation are associated with higher NPL ratios for all types of loans, but changes in real interest rates affect corporates more than households. This may be because corporates have a greater share of floating rate loans. Interestingly, higher unemployment also appears to affect corporate asset quality more strongly than that of households: this may again be related to the possibility of friends or relatives helping out with loan repayments for smaller consumer loans. Finally, we also find that periods of elevated loan growth are followed eventually by higher NPL levels.<br/> |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Southeast Europe |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | non-performing loans |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | credit cycle |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | financial crisis |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | unsecured household loans |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | CEE |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | SEE |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Sectoral studies |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Pindyuk, Olga |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Volume/sequential designation | 32 |
| Bibliographic record control number | WIIW0000092 |
| Title of a work | wiiw Policy Notes and Reports |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://wiiw.ac.at/p-4962.html">https://wiiw.ac.at/p-4962.html</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Paper |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Inventory number | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WIIW | WIIW | Library | 06/14/2019 | pwiiw4962 | 32 | 1000010004962 | 06/14/2019 | 06/15/2019 | Paper |