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首页> 外文期刊>Journal of Financial Regulation and Compliance >How small are the banking sectors in central and Eastern European countries really?
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How small are the banking sectors in central and Eastern European countries really?

机译：中欧和东欧国家的银行业到底有多小？

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Purpose – The purpose of this paper is to present an analysis of the size of the banking sectors in central and Eastern European (CEE) countries. The banking sectors' ability is focused to provide financial intermediation between savers and investors in the economy. Design/methodology/approach – The existing literature on banking in transition economies argues in unison that banking sectors in CEE countries are too small and do not provide sufficient levels of financial intermediation. In this paper, a common drawback of the existing measures used to indicate the size of CEE banking sectors is detected: they all relate the volume of bank intermediation to gross domestic product (GDP). It is argued that since transition economies have a low stock of financial wealth relative to economic activity, a more objective measure of the size of the banking sector is the ratio of bank assets to a proxy of the stock of financial wealth rather than to GDP. Findings – There is evidence that the estimation of the size of the banking sectors relative to GDP produce downward biased measures for the ability of CEE banks to intermediate available financial resources. When the size of the banking sector is measured relative to financial wealth, the gap between the developed European Union banking systems and those of the CEE countries is not as severe as argued in studies based on the traditional approach of measuring the size of the banking system with respect to GDP. Practical implications – Using the downward biased measure of financial system development to stress the underdevelopment of the financial intermediation in CEE may produce misleading policy recommendations, e.g. recommendations in the direction of rapid financial system expansion by lowering barriers of entry for new banks. The authors' new measure presents an alternative that should be considered by policy makers in the design of measures promoting financial system development. Originality/value – The paper challenges the existing consensus on severe underdevelopment of the CEE banking sectors. It presents a new approach of accessing financial system development in emerging economies.
机译：目的–本文的目的是对中欧和东欧（CEE）国家的银行业规模进行分析。银行部门的能力集中于在经济中的储户和投资者之间提供金融中介。设计/方法/方法-转型经济体中有关银行业的现有文献一致认为，中东欧国家的银行业规模太小，不能提供足够水平的金融中介。在本文中，发现了用于指示CEE银行部门规模的现有措施的一个共同缺点：它们都将银行中介的规模与国内生产总值（GDP）相关联。有人认为，由于转型经济体相对于经济活动而言，金融财富存量较低，因此，衡量银行业规模的更为客观的指标是银行资产与金融财富存量的比值而不是GDP的比率。研究结果–有证据表明，对银行部门相对于GDP的规模的估算，对中东欧银行将中间可用金融资源的能力产生了向下偏差的度量。当相对于金融财富来衡量银行部门的规模时，发达的欧盟银行体系与中东欧国家之间的差距并不像基于传统的衡量银行体系规模的方法的研究那样严重。关于GDP。实际意义–使用向下偏向的金融体系发展测度来强调中欧和东欧金融中介的不发达可能会产生误导性的政策建议，例如通过降低新银行的准入门槛，为快速金融体系扩张提供建议。作者的新措施提出了一种替代方案，决策者在设计促进金融体系发展的措施时应该考虑。原创性/价值–该文件挑战了有关中东欧银行业严重不发达的现有共识。它提出了一种在新兴经济体中获取金融体系发展的新方法。

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