scholarly journals The Impact of Banking Sector Competition on Banks’ Risk-Taking in Transition Economies of Central and South-Eastern Europe

2018 ◽  
Vol 13 (1) ◽  
pp. 31-42
Author(s):  
Arben Mustafa ◽  
Valentin Toçi
Keyword(s):  
Eastern Europe ◽  
Risk Taking ◽  
Fixed Effects ◽  
Banking Sector ◽  
Negative Impact ◽  
Eu Countries ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Impact ◽  
The Eu

Abstract This paper uses the Panzar-Rosse H-statistic to provide empirical evidence on the impact of competitive behaviour of banks on risk-taking, using the Fixed Effects Vector Decomposition Method on panel data of banks in 15 Central and South-Eastern Europe countries during the period 1999-2009. The findings suggest that banking sector competition has had a negative impact on banks’ risk-taking implying that competition contributed to the improvement of the loan-portfolio quality. However, the results differ significantly when distinguishing between the EU and non-EU countries of the CESEE region. While for the EU countries the relationship between banking sector competition and risk-taking remains negative, this relationship is positive for the non-EU countries of the region, suggesting that an increase of competition in the non-EU countries may be detrimental for the stability of the banking sector in these countries. These results are robust to different model specifications and measures of competition

The Impact of the Global Crisis on South-Eastern Europe

2011 ◽  
Author(s):  
Emidio Cocozza ◽  
Andrea Colabella ◽  
Francesco Spadafora
Keyword(s):  
Eastern Europe ◽  
Global Crisis ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Impact

scholarly journals ‘The skies are empty and the continent is overflowing with insoluble problems’ – The Covid-19 crisis in the western Balkans and the failure of the EU

SEER ◽  
2021 ◽  
Vol 24 (1) ◽  
pp. 7-18
Author(s):  
Jens Becker ◽  
Ina Kulić
Keyword(s):  
Health Services ◽  
South Korea ◽  
Eastern Europe ◽  
Western Balkans ◽  
South Eastern ◽  
High Incidence ◽  
South Eastern Europe ◽  
Political Realities ◽  
The Eu

Many societies are still in the stranglehold of the coronavirus. China, South Korea and Taiwan have apparently overcome the pandemic but problems that are almost impossible to resolve are piling up in Europe. Despite the joint vaccination procurement campaign, the EU in particular is struggling to regulate the crisis domestically. The states of the western Balkans which have been relying on an EU perspective for years and which have repeatedly been put off, have also been hit hard, piling problems on top of health services that are, for a number of reasons, already seriously jeopardised. In view of the worsening situation - countries in central and south-eastern Europe are over-represented among those with the highest numbers of Covid-19 related deaths - we take a closer look at current practicalities and political realities in these ‘high incidence areas’, as the region is currently known (according to the Ost-Ausschuss der Deutschen Wirtschaft). This article focuses on the role of the EU, and how views of this are changing in the region, as well as that being played by other, apparently more nimble and agile, powers.

THE ECONOMIC-MILITARY IMPORTANCE OF THE BLACK SEA – NORTH SEA CORRIDOR FOR ENSURING STABILITY IN SOUTHEAST EUROPE

2021 ◽  
Vol 17 (1) ◽  
pp. 141-146
Author(s):  
Valentin-Costinel TOTIR ◽  
Roxana ALEXANDRU
Keyword(s):  
Eastern Europe ◽  
Black Sea ◽  
North Sea ◽  
The Black Sea ◽  
Southeast Europe ◽  
European Continent ◽  
Black Sea Region ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Impact

Abstract: During history, the main channel of communication and cooperation between countries was through commerce and, consequently, through transport. Among all the transport ways, the maritime transport is the one that offers the best cost – benefits ratio. This article is addressed to all the people involved or interested in the economic and military fields and aims to highlight the importance of the Black Sea and North Sea connecting corridor in ensuring peace and stability in Europe in general and in South-Eastern Europe in special. To achieve this goal, we will review the historical conflicts among European countries for waterway control and make a descriptive analysis of the stability situation in the areas affected by them. Furthermore, using the hypothetical-deductive method, we will highlight the manner in which the connection of the Black Sea with the North Sea has influenced economic and military exchanges between riparian states and the impact on stability across European continent. At the end of the article, we will show how economic and military stability in south-eastern Europe is influenced and threatened by geopolitical changes in the wider Black Sea region and how this stability can be maintained and strengthened due to the great possibilities for economic cooperation among the countries of Western and South-Eastern Europe. The novelty of this approach is that it aims to analyze the importance of the Black Sea-North Sea channel in the context of fundamental changes in the politico-military situation in South-East Europe, generated by the expansion of the Russian Federation and the conflict between Turkey and Greece, NATO member countries.

scholarly journals Determinants of Income Inequality in EU Candidate Countries: A Panel Analysis

2019 ◽  
Vol 57 (4) ◽  
pp. 397-413
Author(s):  
Vesna Bucevska
Keyword(s):  
Income Inequality ◽  
Fixed Effects ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Potential Candidate ◽  
Eu Candidate Countries ◽  
Main Determinants ◽  
The Government ◽  
The Impact ◽  
The Eu

AbstractDespite increasing income per capita, the EU candidate and potential candidate countries remain confronted with high levels of income inequality. The purpose of our paper is to identify the main determinants of income inequality among the EU candidate countries. In addition to macroeconomic factors, we also analyze the impact of demographic variables to provide more reliable estimates. Using panel data analysis with fixed effects in the period 2005-2017 for three EU candidate countries (North Macedonia, Serbia and Turkey) we find that the unemployment rate, the level of economic development and the investment rate are the main determinants whose increase leads to a bigger income differentiation in the analyzed countries. The government indebtedness has also a statistically significant, but a negative impact on income inequality. The other two macroeconomic variables in the model – the terms of trade and inflation are statistically insignificant. Among the demographic factors, population growth and education significantly affect income inequality among the EU candidate countries. The obtained results suggest that a sustainable economic growth combined with active measures in the labor market and the improvement of education level of the population could lead to more equal income distribution.

Most Balkan states will now give up on South Stream

2015 ◽  
Keyword(s):  
Eastern Europe ◽  
Bargaining Power ◽  
The Black Sea ◽  
Content Type ◽  
South Eastern ◽  
Russian President ◽  
South Stream ◽  
South Eastern Europe ◽  
Balkan States ◽  
The Eu

Significance In the weeks after the energy earthquake generated by Russian President Vladimir Putin's announcement that Russia was cancelling plans to construct the South Stream gas pipeline across the Black Sea, tremors and aftershocks are still reverberating around South-Eastern Europe. Hopes that the announcement was a bluff intended to increase Russia's bargaining power with Brussels, or that South Stream can be revived, seem misconceived. Impacts Passing the blame for the cancellation onto the EU is unlikely to work, in part thanks to the way in which Putin broke the news. Russia will lose significant leverage over the participant countries, particularly those in Eastern and South-Eastern Europe. The biggest winner could be the EU, assuming it steps into the energy vacuum and helps countries secure alternative supply routes.

Turkey's neighbours may skew EU migrant deal

2016 ◽  
Keyword(s):  
Middle East ◽  
Eastern Europe ◽  
Content Type ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Eu

Significance As Bulgarian-Turkish relations have hit a low point in any case, the Bulgarian government can adopt a tough line without fear of alienating Turkey. In contrast to Bulgaria, Greece has seized on the EU deal as a chance to improve ties with Turkey. It may be Cyprus that turns out to be the spoiler. Impacts Frustrated in the Middle East, Turkey's zero-problems-with-neighbours policy is faltering in South-eastern Europe too. The EU deal will boost Greek-Turkish cooperation, which might spill over from migration to other areas. Bulgaria will step up efforts to join Schengen but the prospect of accession is far removed.

EU FinTech Index

2021 ◽  
pp. 1-20
Author(s):  
Iustina Alina Boitan ◽  
Teodora Cristina Barbu
Keyword(s):  
Eastern Europe ◽  
Financial Inclusion ◽  
Research Approach ◽  
Four Dimensions ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Eu ◽  
Financial Technology

The chapter focuses on the innovative financial technology called FinTech and explores its prospects for becoming a catalyst for financial inclusion. The novelty of the research approach resides in being the first study computing an EU FinTech index for the EU member countries. The index gathers four dimensions and provides insights on whether the FinTech environment in one country is better or worse compared to other countries in the sample. Countries' ranking based on index scores computed for two different years show that Sweden, Finland, Luxembourg, and Germany are always placed on the top of the hierarchy. Therefore, they exhibit real development opportunities in this regard. At the opposite are some countries in South-Eastern Europe that persistently record the lowest FinTech index scores; thus, there is still room for improvements in terms of market players' presence, existing regulation, access to digital financial inclusion.

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