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THREE ESSAYS ON THE CREDIT GROWTH AND BANKING STRUCTURE OF CENTRAL AND EASTERN EUROPEAN COUNTRIES
by
Burcu Aydin
A Dissertation Presented to the
FACULTY OF THE GRADUATE SCHOOL
UNIVERSTIY OF SOUTHERN CALIFORNIA
In Partial Fulfillment of the
Requirements for the Degree
DOCTOR OF PHILOSOPHY
(ECONOMICS)
August 2007
Copyright 2007 Burcu Aydin
Object Description
| Title | Three essays on the credit growth and banking structure of central and eastern European countries |
| Author | Aydin, Burcu |
| Author email | aydin@usc.edu |
| Degree | Doctor of Philosophy |
| Document type | Dissertation |
| Degree program | Economics |
| School | College of Letters, Arts and Sciences |
| Date defended/completed | 2007-06-13 |
| Date submitted | 2007 |
| Restricted until | Unrestricted |
| Date published | 2007-07-28 |
| Advisor (committee chair) | Dekle, Robert |
| Advisor (committee member) |
Ham, John Hsiao, Cheng Imrohoroglu, Selahattin |
| Abstract | This thesis is comprised of three essays on the credit growth and banking structure of the Central and Eastern European Countries (CEE). The first essay studies the importance of bank ownership on this growth, the second explores the influence of the managerial impact on credit growth and the third one draws projections for the future EMU membership of the CEE countries from the past experiences of the five current EMU states.; The first essay studies the impact of foreign bank ownership on credit growth for the CEE countries. The analysis is based on an unbalanced panel for the 72 largest banks from these countries. The results indicate foreign bank ownership is significant in raising credit. Although foreign banks have higher credit growth compared to domestic banks, further analysis shows that private domestic banks in fact also have high credit growth. Except for their means of raising funds, foreign and private domestic banks share similar characteristics in terms of bank performance and efficiency, whereas significant differences exist between private domestic and state-owned banks.; The second essay studies the managerial impact on credit growth for foreign-owned banks operating in the CEE countries which own around 70 percent of the total CEE banking assets. The analysis is based on an unbalanced panel of 16 years and 59 banks, comprised of 18 parent banks and their 41 CEE subsidiaries. This study indicates that the size of the parent bank, the flow of funds between affiliated banks, interest margins, and the macroeconomic situation in the host market play important roles for credit growth in CEE banks owned by foreigners.; The third essay draws projections on the future Economic and Monetary Union (EMU) membership of the CEE countries based on the experiences of the five current member states of the EMU (EMU-5) which formerly had similar macroeconomic dynamics to those of the CEE countries. The analysis is based on an unbalanced panel for the 44 largest banks operating in the EMU-5 countries. The results show that the liquidity structure of the EMU-5 banks change as well as the macroeconomic conditions after the introduction of the Euro. |
| Keyword | CEE; credit growth; foreign bank; bank ownership; panel data; fixed effect |
| Geographic subject (continent) | Europe |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Type | texts |
| Legacy record ID | usctheses-m712 |
| Rights | Aydin, Burcu |
| Repository name | Libraries, University of Southern California |
| Repository address | Los Angeles, California |
| Repository email | http://www.usc.edu/isd/libraries/services/ask_a_librarian/email/ |
| Filename | etd-Aydin-20070728 |
| Archival file | uscthesesreloadpub_Volume48/etd-Aydin-20070728.pdf |
Description
| Title | Page 1 |
| Full text | THREE ESSAYS ON THE CREDIT GROWTH AND BANKING STRUCTURE OF CENTRAL AND EASTERN EUROPEAN COUNTRIES by Burcu Aydin A Dissertation Presented to the FACULTY OF THE GRADUATE SCHOOL UNIVERSTIY OF SOUTHERN CALIFORNIA In Partial Fulfillment of the Requirements for the Degree DOCTOR OF PHILOSOPHY (ECONOMICS) August 2007 Copyright 2007 Burcu Aydin |
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