Abstract
This research focuses on the financial systems of the countries that are in the tail of the Eurozone (contemptuously named PIGS), that take part in the ESCB, and are subjected to the discipline of the ECB and the troika, versus the systems of the countries which are at the top of the New Member States (NMS) and do not have the Euro currency. In this paper we apply some PLS-SEM-based model fit measures and testing measurement model invariance as a prior study to make sure that we can compare and find significant differences between PIGS and V4 countries financial systems using a Multigroup Analysis. In our opinion, this study provides important and reliable information to the ECB, PIGS and V4 countries’ policy makers.
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Notes
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The Bankscope International Database is a detailed database provided by Bankscope which contains information on over 30.000 international banks for a period up to 16 years of detailed accounts for each bank.
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García-Machado, J.J., Jachowicz, A. (2019). Assessing Overall Fit and Invariance in a PLS Model of PIGS and V4 Countries’ Financial Systems. In: Gil-Lafuente, J., Marino, D., Morabito, F. (eds) Economy, Business and Uncertainty: New Ideas for a Euro-Mediterranean Industrial Policy. AEDEM 2017. Studies in Systems, Decision and Control, vol 180. Springer, Cham. https://doi.org/10.1007/978-3-030-00677-8_3
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