Credit risk determinants in the Bulgarian banking system and the Greek twin crises

  title={Credit risk determinants in the Bulgarian banking system and the Greek twin crises},
  author={Sofoklis D. Vogiazas},
  • Sofoklis D. Vogiazas
  • Published 2011
This paper aims to investigate the credit determina nts in the Bulgarian banking sector by means of time series mo delling approach. It is motivated by the hypothesis that macroeconomi c cyclical indicators, monetary aggregates, interest rates, fi nancial markets’ and bank-specific variables have a role to play on the non-performing loans in the Bulgarian banking system. Using monthl y series that span from January 2001 to December 2010, we provide evid ence based on data that covers both the… CONTINUE READING

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