Financial Vulnerability in the Central and Eastern European Countries

Irène Andreou (1) , Aleksandra Zdzienicka-Durand (1)

1 GATE - Groupe d'analyse et de théorie économique

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.

Mots clés: Financial Vulnerability; Panel Probit Model; CEECs

Domaines: Economies et finances

Irène Andreou, Aleksandra Zdzienicka-Durand. Financial Vulnerability in the Central and Eastern European Countries. 2009. ⟨halshs-00374148⟩