Finance and European regional economy

Research output: Contribution to journalArticlepeer-review


This study computes banking risk indexes for European developing countries and analyses the impact of identified risk factors on economic growth across regions and cities. We examine the short-run and long-run behaviours of the series. The results reveal that real gross domestic product (RGDP) per capita co-moves with banking risk. We find that about 17% of focal regions suffer significantly from banking risk shocks. The effect ranges from 0.1% to 0.7%, with a lower magnitude for cities. Banking risk has the most detrimental effects in Russia. Short- and long-run decrements in RGDP range between 0.2% and 0.3% across the panel.
Original languageEnglish
Article number101921
Pages (from-to)1-8
Number of pages8
JournalInternational Review of Financial Analysis
Publication statusPublished - Nov 2021


  • Banking risk
  • Regional RGDP
  • Developing countries
  • Europe


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