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La Présence De Banques Étrangères En Europe De L'Est : Quels Risques Financiers ?

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  • Sophie Brana

    (Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux)

  • Delphine Lahet

    (Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux)

Abstract

The 2008-09 financial crisis highlights the CEE countries' vulnerability to the western European banks' outflows and to balance-of-payment crises because of a shrink in cross border claims or problems in the parent banks that may affect subsidiaries and consequently local claims. In fact, the CEE countries are submitted to two financial risks that are analyzed in the article. The direct financial exposition between western European banks and CEE countries represents the first risk. The second risk corresponds to regional financial contagion, through spillover effects and the common creditor channel. The article points that Estonia is concerned by all the risks. Latvia, Lithuania, Romania, Bulgaria and Hungary are the most exposed to FX risks. Czech Republic and Slovakia are more submitted to indirect risks than to direct risks. Whereas these two countries are less exposed to FX risks, interbank links point that they may be affected by banking troubles because of regional contagion.

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  • Sophie Brana & Delphine Lahet, 2009. "La Présence De Banques Étrangères En Europe De L'Est : Quels Risques Financiers ?," Working Papers hal-00616580, HAL.
    • Handle: RePEc:hal:wpaper:hal-00616580
    Note: View the original document on HAL open archive server: https://hal.science/hal-00616580v2
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    References listed on IDEAS

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    Cited by:

    1. Boubakri, Salem & Guillaumin, Cyriac, 2011. "Financial integration and currency risk premium in CEECs: Evidence from the ICAPM," Emerging Markets Review, Elsevier, vol. 12(4), pages 460-484.
    2. Houda Rharrabti Zaid, 2015. "Transmission du stress financier de la zone euro aux Pays de l’Europe Centrale et Orientale," EconomiX Working Papers 2015-37, University of Paris Nanterre, EconomiX.
    3. Sophie Brana & Delphine Lahet, 2011. "Foreign banks and the stability of foreign and domestic credit in CEECs," Working Papers hal-00637686, HAL.
    4. Sophie Brana & Delphine Lahet, 2011. "Foreign Banks and the Stability of Foreign and Domestic Credit in CEECs," Larefi Working Papers 201107, Larefi, Université Bordeaux 4.

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