GATE Working Paper No. 09-07
32 Pages Posted: 17 May 2009 Last revised: 15 Apr 2011
Date Written: April 1, 2009
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.
Keywords: Financial Vulnerability, Panel Probit Model, CEECs
JEL Classification: C35, F31, F32
Suggested Citation: 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: https://ssrn.com/abstract=1405295 or http://dx.doi.org/10.2139/ssrn.1405295