Front Matter Page
Strategy, Policy, and Review Department
Authorized for distribution by Lorenzo Giorgianni
Contents
I. Introduction
II. Literature Review: Theoretical Predictions and Empirical Evidence
A. Theory
B. Empirical literature
III. Data: Polish Banking Industry and Summary Statistics
IV. Empirical Analysis—Portfolio Allocation
A. Empirical Model
B. Results for Borrower Type—Portfolio Allocation
C. Results for Loans at Different Maturities—Portfolio Allocation
D. Results for Loans in Foreign Currency—Portfolio Allocation
V. Empirical Analysis—Loan Rates
A. Empirical Model
B. Results for the Average Bank Lending Rate
C. Results for Borrower Types—Lending Rate
D. Does Time Influence Lending Rates?
VI. Findings for Domestic Banks
VII. Conclusions
Tables
1. Definition of Variables
2. Summary Statistics
3. Borrower Type: Share of Loans to Private Firms and Entrepreneurs
4. Loan Maturity: Share of Loans by Maturity in Banks’ Portfolios
5. Foreign Currency: Share of Loan Portfolio in Foreign Currency
6. Average Bank Lending Rate
7a. Loan Rates to Private Firms
7b. Loan Rates to Entrepreneurs
8a. Loan Rates to Private Firms (with time effects)
8b. Loan Rates to Entrepreneurs (with time effects)
9. Domestic Banks: Share of Loans to Private Firms and Entrepreneurs
10. Domestic Banks: Nonperforming Loans for Private Firms and Entrepreneurs
References