Assessing the financial integration of Central and Eastern European countries with the euro area: Evidence from panel data cointegration tests

2012 ◽  
Vol n° 131 (3) ◽  
pp. 105-120
Author(s):  
Salem Boubakri ◽  
Cécile Couharde ◽  
Cyriac Guillaumin
Keyword(s):  
Panel Data ◽  
Euro Area ◽  
Financial Integration ◽  
European Countries ◽  
Eastern European ◽  
Cointegration Tests ◽  
Eastern European Countries

scholarly journals Development Prospects of Banking Sector in Central and Eastern European Countries in Terms of Financial Integration

2021 ◽  
Vol 39 (7) ◽  
Author(s):  
Darya Chumachenko ◽  
Tatyana Derkach ◽  
Vitalina Babenko ◽  
Marharyta Krutko ◽  
Sergey Yakubovskiy ◽  
...  
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Financial Integration ◽  
Comparative Method ◽  
Financial Sector ◽  
Foreign Market ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries ◽  
New Eu Members

This study examines banking transformations in Central and Eastern Europe (CEE) under conditions of economic liberalization, dependence between economic development of countries and efficiency of their banking systems. The comparative method and methods of economic-mathematical modeling were applied. Considering the positive correlation between financial structure and economic growth, confirmed by literature findings, the development of the financial sector can become a crucial factor in convergence for the new EU members. Analysis revealed lower depth of financial sector in Central and Eastern European countries region in comparison to the Eurozone, but higher efficiency and growth rates. Regression models confirmed the significant causality between financial sector expansion and economic growth of CEE countries, but extremely high foreign market shares in the banking sector of region create prerequisites for financial shocks transmission through contagion channel in case of economic instability in the countries of banks’ origin.

Business Cycle Synchronization between Euro Area and Central and Eastern European Countries

2013 ◽  
Vol 17 (2) ◽  
pp. 379-395 ◽  
Author(s):  
Rebeca Jiménez-Rodríguez ◽  
Amalia Morales-Zumaquero ◽  
Balázs Égert
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
European Countries ◽  
Eastern European ◽  
Business Cycle Synchronization ◽  
Eastern European Countries

scholarly journals Estimating the impact of the Balassa-Samuelson effect in central and eastern European countries: A revised analysis of panel data cointegration tests

2012 ◽  
Vol 59 (4) ◽  
pp. 475-499 ◽  
Author(s):  
Mirjana Miletic
Keyword(s):  
Panel Data ◽  
Estimation Method ◽  
Main Idea ◽  
Model Specification ◽  
Eastern European ◽  
Real Convergence ◽  
Inflation Differential ◽  
Cointegration Tests ◽  
Eastern European Countries ◽  
The Impact

This paper aims to reassess the contribution of the Balassa-Samuelson effect to the inflation and real exchange rate appreciation using panel data for nine CEECs covering the period ranging from the mid-1990s to the third quarter of 2010. The main idea of this analysis is to answer the question of whether the Global Economic Crisis had a significant impact on the efforts of CEECs to stay on the path of real convergence. The Balassa-Samuelson effect explains less than 1.5 percentage points on average of inflation differential relative to the euro area and around 1 percentage point of the total domestic inflation. The results are robust across the model specification and estimation method. Most of the results point out that the Balassa-Samuelson effect has not changed considerably during the crisis even though it is lower compared to that in the earlier stage of transition (for the period up to 2004).

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