Financial Vulnerability in the Central and Eastern European Countries

Irène Andreou () and Aleksandra Zdzienicka ()
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Irène Andreou: University of Lyon, Lyon, F-69003, France; CNRS, UMR 5824, GATE, Ecully, F-69130, France; ENS LSH, Lyon, F-69007, France

No 907, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: In this work we use a panel probit model to analyze the sources of financial vulnerability in four Central and Eastern European countries. The incontestable advantages of applying this method, associated with some elements of the non-parametric approach applied during the initial selection of the used indicators, allow us to accomplish, rather well, this objective. Indeed, the model performs considerably well in the sample and the whole approach can provide useful and supportive instruments for the study of financial vulnerabilities in transition economies.

Keywords: Financial Vulnerability; Panel Probit Model; CEECs (search for similar items in EconPapers)
JEL-codes: C35 F31 F32 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009
New Economics Papers: this item is included in nep-cba and nep-eec
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Financial Vulnerability in the Central and Eastern European Countries (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:0907

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