Changes in the Structure of Financial Intermediation – Eastern-Central European Developments in the Light of Global and European Trends
| Autor: | Katalin Mérő, András Bethlendi |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Financial intermediary
bank-based financial system Eastern-Central Europe 0502 economics and business ddc:330 Economics financial structures 050207 economics HB71-74 European Union law Structure (mathematical logic) 050208 finance eastern-central europe shadow banking Shadow Banking 05 social sciences International economics market-based financial system Market-Based Financial System Economics as a science Financial Structures non-bank financial intermediation Bank-Based Financial System Non-bank Financial Intermediation Law General Economics Econometrics and Finance |
| Zdroj: | Danube, Vol 11, Iss 4, Pp 283-299 (2020) |
| ISSN: | 1804-8285 |
| DOI: | 10.2478/danb-2020-0017 |
| Popis: | The article analyses the structural changes of the financial intermediary system of Eastern-Central European (ECE) countries, that joined the EU in 2004, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia (ECE5) in the light of global and European trends from 2004 to 2016. Its two main focuses are the characteristics of the structural shifts and interconnectedness between banks and financial markets, on the one hand, and the size and specificities of shadow banking systems, on the other. Despite the limited catching up of the region the ECE5 countries has a much less deep and more bank-based financial system than their European counterparts without the emergence of significant market-based banking and shadow banking. However, while in the developed countries the most important shadow banking institutions are the non-money market mutual funds, in ECE5 countries other non-bank financial institutions are those that potentially exposed to shadow banking risk. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|