Abstract

This study addresses the issue of whether banking performance impacts financial stability in Southeastern European countries. To answer this question, the GMM approach has been applied in the analyses of the panel data over the period 2000–2015 for Southeastern Europe. The findings reveal the presence of significant positive long-run relationship between ROA, ROE, trade openness, and human capital, while government expenditures have negative impact on financial stability. Trade openness, human capital and government expenditures can keep the financial system stable as a whole. The Granger causality analysis discloses the main hypothesis where the banking system in this part of Europe accounts for more than 80% of the financial system. The study sheds light to the policymakers and research about the role of banking performance on financial stability for this region of Europe.

中文翻译：

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银行业绩对​​金融稳定性的动态影响：东南欧的最新证据

摘要

这项研究解决了银行业绩效是否会影响东南欧国家金融稳定性的问题。为了回答这个问题，在2000-2015年东南欧的面板数据分析中采用了GMM方法。研究结果表明，ROA，ROE，贸易开放度和人力资本之间存在着显着的长期正相关关系，而政府支出则对金融稳定性产生了负面影响。贸易开放，人力资本和政府支出可以使整个金融体系保持稳定。格兰杰因果关系分析揭示了主要假设，在该假设中，欧洲这一部分的银行体系占金融体系的80％以上。