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Markets of loans provided to household and their integration measured by price indicators

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  • Pavla, Vodová

Abstract

The aim of this paper is to assess with price indicators the extent to which markets of loans provided to households in Visegrad countries are integrated with euro zone countries. Analysis of alignment and beta and sigma convergence concept showed that mortgage loan markets were much more integrated than consumer loan markets in period from January 2005 to March 2010. Czech and Slovak consumer loans market and Polish and Hungarian mortgage loans market have statistically significant relatively higher speed of convergence. However, barriers of integration are still very important.

Suggested Citation

  • Pavla, Vodová, 2010. "Markets of loans provided to household and their integration measured by price indicators," MPRA Paper 25250, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:25250
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    File URL: https://mpra.ub.uni-muenchen.de/25250/1/MPRA_paper_25250.pdf
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    References listed on IDEAS

    as
    1. Inês Cabral & Frank Dierick & Jukka Vesala, 2002. "Banking integration in the euro area," Occasional Paper Series 06, European Central Bank.
    2. Baele, Lieven & Ferrando, Annalisa & Hördahl, Peter & Krylova, Elizaveta & Monnet, Cyril, 2004. "Measuring financial integration in the euro area," Occasional Paper Series 14, European Central Bank.
    3. Vesala, Jukka & Cabral, Inês & Dierick, Frank, 2002. "Banking integration in the euro area," Occasional Paper Series 6, European Central Bank.
    4. Lieven Baele & Annalisa Ferrando & Peter Hördahl & Elizaveta Krylova & Cyril Monnet, 2004. "Measuring financial integration in the euro area," Occasional Paper Series 14, European Central Bank.
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    More about this item

    Keywords

    credit market integration; price indicators; beta convergence; sigma convergence;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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