Cuaresma, Jesus Crespo and Fidrmuc, Jarko and Hake, Mariya (2014) Demand and supply drivers of foreign currency loans in CEECs: A meta-analysis. ECONOMIC SYSTEMS, 38 (1). pp. 26-42. ISSN 0939-3625, 1878-5433
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We present a meta-analysis of the determinants of foreign currency loans in Central and Eastern Europe. We base our inferences on the results of 21 studies that provide around 800 estimated coefficients for seven determinants of foreign currency loan demand. Our results indicate that, on average, supply factors (foreign currency deposits and the minimum variance portfolio ratio) appear to play a more significant role than demand factors (interest rate differentials) of foreign currency loans. Moreover, we show that the estimates reported in the literature tend to be influenced by selected study characteristics such as the econometric methodology and their regional focus. (C) 2013 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | GROWTH; TRANSITION; CREDIT; FDI; Foreign currency loans; Meta-analysis; Publication bias; Meta-regression; Bayesian model averaging |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 18 Nov 2019 14:57 |
| Last Modified: | 18 Nov 2019 14:57 |
| URI: | https://pred.uni-regensburg.de/id/eprint/10528 |
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