Household sector and monetary policy implications: evidence from Central and Eastern European countries

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Household sector and monetary policy implications: evidence from Central and Eastern European countries
Authors:
Nucu, Anca Elena
In the Journal:
Procedia economics and finance, 2012, 3, 889-895
Subject Category:
LT
Bulgarija (Bulgaria); Čekijos Respublika (Czech Republic); Rumunija (Romania); Vengrija (Hungary); Lietuva (Lithuania); Finansai. Kapitalas / Finance. Capital; Pinigai. Valiuta / Money. Currency.
Summary / Abstract:

ENAmid recent financial crisis, has increased the risks related to the sustainability of the households’ banking loans. The purpose of this paper is to analyze the bi-dimensional causality relationship between household sector and monetary policy in the experience of acceding countries Bulgaria, Czech Republic, Latvia, Lithuania, Hungary, Romania between 2007M01-2012M04. Using a Vector Autoregressive Model, we analyze the impact of short term interest rate on loan to deposit ratio for households. Our empirical results suggest that the excessive built-up of financial imbalances related to the households behavior is properly taken into consideration by monetary policy only in Czech Republic, Hungary, Poland and Romania.

DOI:
10.1016/S2212-5671(12)00246-8
ISSN:
2212-5671
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/76256
Updated:
2026-02-25 13:50:38
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