Credit emission. The Czech republic case
|Author:||Mgr. Martina Vaňková|
|Year:||2009 - summer|
|Leaders:|| doc. PhDr. Ing. Ing. Petr Jakubík Ph.D. Ph.D.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||This thesis deals with the development of the credit to private non-financial sector in the Czech Republic in the course of 1993 – 2008. The main purpose of this thesis was to analyse whether the non-financial private sector credit volume in the Czech Republic was excessive in the period under review. In order to do this, the equilibrium relation was estimated as based on the panel data for selected Euro zone countries. Accordingly, the out-of-sample estimate of the steady state of the ratio of non-financial private sector credit to GDP was done for the Czech Republic and selected CEE countries. A comparison of the actual non-financial private sector credit volumes and the estimated steady state has not proved an excessive indebtedness of non-financial private sector in the Czech Republic.|