Demand and supply drivers of foreign currency loans in CEECs: A meta-analysis

被引：31

作者：

Cuaresma, Jesus Crespo ^{[1
,2
,3
]}

Fidrmuc, Jarko ^{[3
,4
,5
,6
]}

Hake, Mariya ^{[7
]}

机构：

[1] Vienna Univ Econ & Business, Dept Econ, Vienna, Austria

[2] Int Inst Appl Syst Anal IIASA, Laxenburg, Austria

[3] Austrian Inst Econ Res WIFO, Vienna, Austria

[4] Zeppelin Univ Friedrichshafen, Friedrichshafen, Germany

[5] Inst East & Southeast European Studies IOS, Regensburg, Germany

[6] Charles Univ Prague, Inst Econ Studies IES, Prague, Czech Republic

[7] Oesterreich Nationalbank, Foreign Res Div, Vienna, Austria

来源：

ECONOMIC SYSTEMS | 2014年 / 38卷 / 01期

关键词：

Foreign currency loans; Meta-analysis; Publication bias; Meta-regression; Bayesian model averaging; GROWTH; TRANSITION; CREDIT; FDI;

D O I：

10.1016/j.ecosys.2013.09.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We present a meta-analysis of the determinants of foreign currency loans in Central and Eastern Europe. We base our inferences on the results of 21 studies that provide around 800 estimated coefficients for seven determinants of foreign currency loan demand. Our results indicate that, on average, supply factors (foreign currency deposits and the minimum variance portfolio ratio) appear to play a more significant role than demand factors (interest rate differentials) of foreign currency loans. Moreover, we show that the estimates reported in the literature tend to be influenced by selected study characteristics such as the econometric methodology and their regional focus. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：26 / 42

页数：17

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[Anonymous], 1999, Labour economics, DOI DOI 10.1016/S0927-

[4]

Barajas A., 2003, IMF Working Paper, 03/11.