Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/152977
Authors: 
Brzoza-Brzezina, Michal
Year of Publication: 
2005
Series/Report no.: 
ECB Working Paper 543
Abstract: 
The paper analyses the potential for lending booms in the three biggest new EU Member States (the Czech Republic, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and the econometric evidence speak in favour of strong loan increases in Hungary and Poland even though their magnitude may be smaller than in the case of those recently recorded in Ireland and Portugal. Due to estimation problems, the situation in the Czech Republic was more difficult to foresee, but given almost complete interest rate convergence with the euro area only modest increases in lending should be expected there. In conclusion, it may be stated that, given the currently available information, no substantial risk to the banking sectors of the new Member States should be expected.
Subjects: 
banking sector stability
euro area
lending booms
new Member States
JEL: 
E51
E58
G21
Document Type: 
Working Paper

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