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Financial Vulnerability in the Central and Eastern European CountriesIrène AndreouUniversity of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE) Aleksandra ZdzienickaUniversity 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 working papers seriesDate posted: May 17, 2009 ; Last revised: April 15, 2011Suggested CitationContact Information
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