Consumer Lending in Ukraine: Estimation of the Equilibrium Level

Csajbok, Attila; Dadashova, Pervin; Shykin, Pavlo; Vonnak, Balazs

dc.contributor.author	Csajbok, Attila
dc.contributor.author	Dadashova, Pervin
dc.contributor.author	Shykin, Pavlo
dc.contributor.author	Vonnak, Balazs
dc.date.accessioned	2021-04-11T14:21:49Z
dc.date.available	2021-04-11T14:21:49Z
dc.date.issued	2020
dc.identifier.citation	Consumer Lending in Ukraine: Estimation of the Equilibrium Level / Attila Csajbok, Pervin Dadashova, Pavlo Shykin, Balazs Vonnak // Visnyk of the National Bank of Ukraine. - 2020. - No. 249. - Р. 4-12.	en_US
dc.identifier.uri	https://doi.org/10.26531/vnbu2020.249.01
dc.identifier.uri	http://ekmair.ukma.edu.ua/handle/123456789/19771
dc.description.abstract	In line with Kiss et. al (2006), we have constructed an analytical framework for the timely detection of risks connected with the rapid growth of consumer lending, based on an econometric model for the equilibrium level of household and consumer loans. Results from an estimation on a panel of countries were extrapolated to the Ukrainian banking sector. The model suggests that after two waves of strong deleveraging starting in 2009 and in 2014, the consumer credit stock in 2019 is still well below its equilibrium level in Ukraine, despite the recent strong nominal dynamics.	en_US
dc.language.iso	en	uk_UA
dc.subject	consumer lending	en_US
dc.subject	equilibrium model	en_US
dc.subject	error-correction model	en_US
dc.subject	mean group estimator	en_US
dc.subject	article	en_US
dc.title	Consumer Lending in Ukraine: Estimation of the Equilibrium Level	en_US
dc.type	Article	uk_UA
dc.status	first published	uk_UA
dc.relation.source	Visnyk of the National Bank of Ukraine.	en_US