Abstract

http://ssrn.com/abstract=510642
 
 

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Foreign Banks in Central and Eastern Europe: Asset or Risk Factor?


Ralph De Haas


European Bank for Reconstruction and Development

Iman Van Lelyveld


Bank for International Settlements (BIS) - Monetary and Economic Department; De Nederlandsche Bank


Maandschrift Economie, Vol. 67, No. 3, pp. 188-209, 2003

Abstract:     
We analyse foreign bank penetration in Central and Eastern Europe (CEE) and its influence on private sector credit, taking into account both cross-border credit and credit by foreign bank subsidiaries. By combining BIS and BankScope data into a unique database we make a clear distinction between these credit categories. We show that the relative importance of foreign bank subsidiaries has increased considerably during recent years. However, in Hungary and Poland foreign banks were also important during the first transition years, as they provided substantial amounts of cross-border credit. We do not find evidence of foreign banks deserting CEE during financial crises or economic downturns. Although cross-border credit did decrease during some periods, foreign banks expanded the credit supply of their subsidiaries simultaneously. This may be an important consideration for (transition) countries that still have to decide whether to open up their markets to foreign bank subsidiaries.

Note: Downloadable paper is in Dutch.

Number of Pages in PDF File: 21

Keywords: transition countries, foreign banks, financial stability

JEL Classification: F36, G21

Accepted Paper Series


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Date posted: February 29, 2004  

Suggested Citation

De Haas, Ralph and Lelyveld, Iman van, Foreign Banks in Central and Eastern Europe: Asset or Risk Factor?. Maandschrift Economie, Vol. 67, No. 3, pp. 188-209, 2003. Available at SSRN: http://ssrn.com/abstract=510642

Contact Information

Ralph De Haas (Contact Author)
European Bank for Reconstruction and Development ( email )
One Exchange Square
London, EC2A 2JN
United Kingdom
HOME PAGE: www.ebrd.com
Iman Van Lelyveld
Bank for International Settlements (BIS) - Monetary and Economic Department ( email )
Centralbahnplatz 2
CH-4002 Basel
Switzerland
De Nederlandsche Bank ( email )
PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

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