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Title: Impact of the financial crisis on banking in the Balkans
Author: Knezevic, Goran
Awarding Body: Glasgow Caledonian University
Current Institution: Glasgow Caledonian University
Date of Award: 2013
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The thesis discusses the causes, shapes and implications of the modern global financial crisis on the banking sector in the Balkan countries. For this purpose, the thesis reveals a number of principles, practises and tools for crisis prevention. Although the paper discusses the root cause of crisis that started in 2007, it is not primarily an analysis of the latest crisis. Therefore, the main point of this paper is that the structure of the rules governing the banking system within a country has been at the centre of the explanation of the propensity for banking crises for the past two centuries. A further lesson from the hi story of banking crises concerns the reality that banking crises tend to produce new knowledge concerning the possible policy responses to crises. The thesis explores as to whether the cri sis in the Balkan could have been foreseen, prevented, understood and managed or not. To do so, the author had to cover a broad theoretical ground. Understanding the impact of the latest crisis in the Balkan implied that first one has to understand the causes, symptoms and outcomes of the crisis where it is occurred - the USA and Western Europe. The development of such grounds for research was essential for any determination of the efficiency and specifics of banking in the Balkans. The thesis researched the performance of the banking sectors in selected Balkan countries before the crisis. compares them with features of banking sectors in developed countries and demonstrates that banking in the Balkans plays even more important role in its early stage of economic development. The importance of banking for the economy of the Balkans determined the implications of the crisis and its influence on banking in the Balkans. The thesis deals with the non-convergence in performance measurement for banking. The measurement of nonperforming loans as one of the key indicators of the banking performance system has been paid very close attention to. The thesis proves that NPLs where measured differently country by country and in even in one country the methodology of calculation was changed more than once as the crisis hit. The impact of the crisis is then hard to assess. The impact of the crisis could only be assessed by a comparison of key indicators from the pre-cri sis period with some indicators after two - three years of the crisis. which has not yet over. Responses to the crisis that were examined showed greater similarities than the author expected. The research in this area confirmed the lack of unique designed approaches, instruments used or economic and monetary police adjustments made. Policy responses to the crisis in the Balkan simply followed the approaches used in the European Union and the USA with even less success in most of the examined countries, simply because of their restricted abilities in monetary and fiscal policies.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available