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Economic Performance and Financial Stability: Case of the Eurasian Economic Union

Author

Listed:
  • Vít Pošta

    (University of Economics, Prague, Faculty of Business Administration, Department of Microeconomic)

  • Aziya Mukusheva

    (L. N. Gumilyov Eurasian National University)

  • Nurilya Kuchukova

    (L. N. Gumilyov Eurasian National University)

Abstract

The paper presents an empirical evaluation of the relationship between some of the financial stability indicators and economic performance. It is focused on the sample of the members of the Eurasian Economic Union. Given some data limitations, dynamic panel analysis is performed. Nonperforming loans are identified as an important indicator of financial stability along with private credit and liquid reserves of commercial banks. These results are in line with many published studies focused on different sets of countries. Contrary to some published results no or little support is identified in the case of the number of commercial bank branches per capita and bank capital to asset ratio.

Suggested Citation

  • Vít Pošta & Aziya Mukusheva & Nurilya Kuchukova, 2022. "Economic Performance and Financial Stability: Case of the Eurasian Economic Union," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(1), pages 22-35, January.
    • Handle: RePEc:sav:journl:v:70:y:2022:i:1:p:22-35
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    References listed on IDEAS

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    More about this item

    Keywords

    Eurasian Economic Union; economic performance; financial stability; GMM; panel estimation;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • G00 - Financial Economics - - General - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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