Foreign Bank and Financial Development: Factors Affecting Foreign Bank Effects in CEE Countries

• Název práce v češtině: Zahraniční banka a finanční rozvoj: Faktory ovlivňující vliv zahraničních bank v zemích střední a východní Evropy
• Název v anglickém jazyce: Foreign Bank and Financial Development: Factors Affecting Foreign Bank Effects in CEE Countries
• Klíčová slova: Zahraniční banka, finanční rozvoj, region střední a východní Evropy, ekonomická úroveň, institucionální prostředí, Relativní význam zahraniční banky, Cherry-Picking, dynamický GMM
• Klíčová slova anglicky: Foreign Bank, Financial Development, CEE Region, Economic Level, Institutional Environment, Foreign Bank Relative Importance, Cherry-Picking, Dynamic GMM
• Akademický rok vypsání: 2021/2022
• Typ práce: diplomová práce
• Jazyk práce: angličtina
• Ústav: Katedra ruských a východoevropských studií (23-KRVS)
• Vedoucí / školitel: Ing. Marek Vokoun, Ph.D.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 25.11.2022
• Datum zadání: 25.11.2022
• Datum a čas obhajoby: 18.09.2023 09:30
• Místo konání obhajoby: Areál Jinonice, C423, 423, Jednací místnost IMS
• Datum odevzdání elektronické podoby: 01.08.2023
• Datum proběhlé obhajoby: 18.09.2023
• Oponenti: Dr. Ilias Chondrogiannis

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Předběžná náplň práce

Tato disertační práce analyzuje data na úrovni zemí pro 12 zemí střední a východní Evropy v letech 2000 až 2021 pomocí metodiky dynamického GMM. Jejím cílem je zkoumat vliv vstupu zahraničních bank na čtyři dimenze finančního rozvoje, včetně finanční stability, efektivity, hloubky a dostupnosti. Dále se článek bude zabývat faktory ovlivňujícími efekt zahraničních bank, včetně ekonomické a institucionální úrovně domácích bank a rozsahu a fáze vstupu zahraničních bank. Výsledek ukazuje, že pronikání zahraničních bank má pozitivní vliv na finanční stabilitu a efektivnost, zatímco na finanční hloubku a přístup má vliv negativní. Obecně platí, že vysoká úroveň ekonomického rozvoje a přísné a dobře rozvinuté institucionální prostředí je příznivé pro to, aby zahraniční banky vykazovaly pozitivní vliv na finanční rozvoj. A špatný vliv zahraničních bank na finanční hloubku a dostupnost se postupem času snižuje. Výsledky týkající se relativního významu zahraničních bank naznačují smíšený závěr. Celkově tato disertační práce doplňuje empirické důkazy o vztahu mezi zahraničními bankami a finančním rozvojem v regionech střední a východní Evropy a mohla by poskytnout více poznatků tvůrcům politik.

Předběžná náplň práce v anglickém jazyce

This dissertation analyses country-level data for 12 CEE countries from 2000 to 2021 using the Dynamic GMM methodology. The aim of this article is to investigate the effect of foreign bank entry on four dimensions of financial development, which are financial stability, efficiency, depth and access. Furthermore, the article will examine the factors affecting foreign bank effect, including the economic and institutional level of domestic banks and the extent and stage of foreign bank entry. The result shows that foreign bank penetration has a positive influence on financial stability and efficiency, while it has a negative effect on financial depth and access. In general, a high level of economic development and a stringent and well-developed institutional environment is favourable for foreign banks to exhibit a positive influence on financial development. And the bad influence of foreign banks on financial depth and access is diminishing over time. Results regarding the relative importance of foreign banks indicate a mixed conclusion. Overall, this dissertation supplements empirical evidence on the link between foreign banks and financial development in CEE regions and could provide more insights to policymakers.