Abstract

http://ssrn.com/abstract=1405295
 


 



Financial Vulnerability in the Central and Eastern European Countries


Irène Andreou


University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)

Aleksandra Zdzienicka


University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)

April 1, 2009

GATE Working Paper No. 09-07

Abstract:     
In this work we use a panel probit model to analyze the sources of financial vulnerability in four Central and Eastern European countries. The incontestable advantages of applying this method, associated with some elements of the non-parametric approach applied during the initial selection of the used indicators, allow us to accomplish, rather well, this objective. Indeed, the model performs considerably well in the sample and the whole approach can provide useful and supportive instruments for the study of financial vulnerabilities in transition economies.

Number of Pages in PDF File: 32

Keywords: Financial Vulnerability, Panel Probit Model, CEECs

JEL Classification: C35, F31, F32

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Date posted: May 17, 2009 ; Last revised: April 15, 2011

Suggested Citation

Andreou, Irène and Zdzienicka, Aleksandra, Financial Vulnerability in the Central and Eastern European Countries (April 1, 2009). GATE Working Paper No. 09-07. Available at SSRN: http://ssrn.com/abstract=1405295 or http://dx.doi.org/10.2139/ssrn.1405295

Contact Information

Irène Andreou (Contact Author)
University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE) ( email )
93, chemin des Mouilles
Ecully, 69130
France
Aleksandra Zdzienicka
University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE) ( email )
93, chemin des Mouilles
Ecully, 69130
France
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