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Decomposing Financial Risks and Vulnerabilities in Eastern Europe
Author:
Mr. Rupert D Worrell
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Andrea M. Maechler null

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Ms. Srobona Mitra
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Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 248
Language:
English
Publication Date:
01 Oct 2007
DOI:
https://doi.org/10.5089/9781451868111.001
ISBN:
9781451868111
ISSN:
1018-5941
Pages:
33
Keywords:
WP; bank; risk; exchange rate
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most recently, and eight neighboring countries. It also examines how the quality of supervisory standards may have mitigated the vulnerabilities arising from these risk factors. Using panel data, the study finds substantial variation in the impacts of financial risks, the macroeconomic environment, and supervisory standards on banks' risk profile across different country clusters. Credit quality is of general concern especially in circumstances where credit growth is accelerating.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund