Risk Taking by Banks in the Transition Countries
The banking sectors of the transition countries have progressed remarkably in the last 15 years. In fact, banking in most transition countries has largely shaken off the traumas of the transition era. At the start of the 21st century banks in these countries look very much like banks elsewhere. That is, they are by no means problem free but they are struggling with the same issues as banks in other emerging market countries. There have been a surprisingly large number of studies that have told us about the performance of these banks but we know very little about their risk taking behaviour and how the banking environment influences it.
KeywordsEuropean Union Risk Measure Credit Risk Former Soviet Union Transition Country
Unable to display preview. Download preview PDF.
- Bester, H. (1985): Screening vs. rationing in credit markets with imperfect information. American Economic Review 75(4): 850–855.Google Scholar
- Bonin, J and Wachtel, P. (2005): Dealing with financial fragility in transition economies. In: Evanoff, D and Kaufman, G. (eds). Systemic Financial Crises: Resolving Large Bank Insolvencies. World Scientific Publishing Company: Hackensack, NJ, USA.Google Scholar
- Claeys, S and Schoors, K. (2007): Bank supervision Russian style: Evidence of conflicts between micro- and macro-prudential concerns. Journal of Comparative Economics.Google Scholar
- Corbet, J and Mayer, C. (1992): Financial reforms in eastern Europe: Progress with the wrong model. Oxford Review of Economic Policy 7(4): 5–75.Google Scholar
- EBRD. (2004): Legal transaction programme, Internet database, European Bank for Reconstruction and Development, http://www.ebrd.com/country/sector/law/index.html, accessed on 11 August 2006.
- EBRD Transition Report. (2006): Finance in Transition. European Bank for Reconstruction and Development: London.Google Scholar
- Haselmann, R, Vig, Vand Pistor, K. (2006): How law affects lending. Columbia Law School, Working Paper 285.Google Scholar
- Haselmann, R and Wachtel, P. (2006): Institutions and bank behavior. New York University, Stern School of Business, Working Paper EC06–16.Google Scholar
- Hoshi, T (2006): Creditor rights and credit creation by banks in transition countries: Evidence from BEPS, EBRD, Tokyo Conference, University of California, San Diego.Google Scholar
- Kager, M. (2002): The banking system in the accession countries on the eve of EU entry. Austrian Central Bank, Working Paper.Google Scholar
- Qian, J and Strahan, PE (forthcoming): How law and institutions shape financial contracts: The case of bank loans. Journal of Finance.Google Scholar
- Schardax, F and Reininger, T (2001): The financial sector in five central and eastern European Countries: An overview. Focus on Transition 1/2001 Austrian Central Bank: Vienna.Google Scholar
- Tang, H, Zoli, E and Klytchnikova, I. (2000): Banking crises in transition countries: Fiscal costs and related issues. World Bank Working Paper, No. 2484.Google Scholar
- Udell, G and Wachtel, P. (1995): Financial system design for the formerly planned economies: Defining the issues. Financial Markets Institutions and Instruments 4(2): 1–59.Google Scholar