Csajbok, AttilaDadashova, PervinShykin, PavloVonnak, Balazs2021-04-112021-04-112020Consumer 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.https://doi.org/10.26531/vnbu2020.249.01https://ekmair.ukma.edu.ua/handle/123456789/19771In 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.enconsumer lendingequilibrium modelerror-correction modelmean group estimatorarticleArticle