Bank Funding in Central, Eastern and South Eastern Europe Post Lehman: A “New Normal”?
Electronic Access:
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Summary:
CESEE banks are reducing foreign funding sources in response to reduced external imbalances, reduced ability to tap international savings, banking group own strategies, initiatives by some regulators, and consistently with uncertainties surrounding the future of the banking union project. In the medium term, the global regulatory agenda and the high foreign presence and stock of FX loans exert opposite forces on rebalancing trends. In the long-term, any funding “new normal” will be determined by the future design of the EU financial architecture. In the meantime, limiting leverage, the use of FX loans and promoting aggregate saving through macro policies and capital market reforms will increase resilience against shocks going forward.
Series:
Working Paper No. 2013/148
Subject:
Banking Commercial banks Expenditure Financial institutions Foreign exchange Insurance Loans Pension spending
English
Publication Date:
June 19, 2013
ISBN/ISSN:
9781484391082/1018-5941
Stock No:
WPIEA2013148
Pages:
47
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