Petkovski, Mihail
Preferred name
Petkovski, Mihail
Official Name
Petkovski, Mihail
Main Affiliation
Email
petkovski@eccf.ukim.edu.mk
5 results
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Item type:Publication, Ефектите на јавниот долг врз економскиот раст – емпириска панел анализа за новите земји членки на ЕУ(Македонска Академија на Науките и Уметностите, 2019); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Determinants of Bank Credit Growth in Macedonia(Ss. Cyril and Methodius University in Skopje, Faculty of Economics - Skopje, 2016); ; ; The subject of this paper is the credit growth in the Republic of Macedonia and the way in which it contributes to the financial development process. Two types of approach are used in the paper in order to estimate credit growth in the Republic of Macedonia. The first is the statistical approach, based on deviations of the Credit/GDP ratio series in their long-term trend. The second is the econometric approach based on using an error correction model in order to explain the level of credit growth as a function of economic fundamentals. The basic purpose of this paper is to explore the two-way relationship between the sustainability of credit growth and key developments in macroeconomic and financial fundamentals. According to the obtained results the paper provides suggestions for maintaining sustainability of the credit growth in the Republic of Macedonia which would result with a positive impact on the financial sector development. Our findings show that the Macedonian banking sector has not experienced credit booms, even though a rapid credit growth and a deviation of the Credit / GDP indicator from its long-run trend in the period before the last financial crisis have been detected. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, MACRO AND BANK SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN POLISH COMMERCIAL BANKS(Publishing house of Wroclaw University of Economics and Business, 2021-12); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The impact of macroeconomic and financial factors on shadow banking in the new EU member states(University of Rijeka, Faculty of Economics, 2020-01-31); The goal of this paper is to examine the impact of macroeconomic and financial determinants of the shadow banking dynamics in the selected 11 new EU member states using yearly data from 1999-2018. We apply three methods: fixed effects model, the difference-GMM and the system-GMM (Generalized Method of Moments). Empirical results provide evidence that the most important factors are the developments in the financial sectors (insurance and pension sectors), banking sector, money market rate, as well as the general economic growth. We also found that global financial crisis has a negative impact on the shadow banking growth. From the results we may conclude that traditional banks, insurance sector and pension funds are complementary with shadow banking. This results was opening new issues for macroprudential policy, bearing in mind the Basel III norms. Namely, one of the main goals of Basel 3 is to reduce procyclicality of bank lending, and the rise of shadow banking may have an impact on both capital-based regulation and income-based limits. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, THE EFFECT OF BANK DENSITY ON FINANCIAL DEVELOPMENT AND ECONOMIC PERFORMANCE(Faculty of Economics - Skopje, Ss Cyril and Methodius University, 2020-11-14); This paper provides evidence about the link between bank density as a form of financial deepening, and financial development and economic performance. We construct a panel of European countries and develop a dynamic regression model with GDP dynamics up to three lags and a full set of fixed effects to study the effect that the number of bank branches and automated teller machines per capita have on real GDP per capita. Our baseline estimates point out to a weak negative impact of the increased number of bank branches per capita on economic performance by around 0.3 per cent annually. We find similar results from the subsequent IV and GMM estimates as well as when swapping the population basis of the bank density measures with the area. The IV strategy reveals that our both measures are endogenous with the respect to the level of urbanisation and the share of Internet users up to three lags. We further include financial development as a covariate and find weaker negative impact of the number of bank branches and a weak positive impact of the number of automated teller machines by about 0.15 per cent annually. Our estimates with respect to financial development reveal that both bank measures can be considered significant drivers given the positive impact of about 0.8 to 1.2 percentage points obtained for the number of bank branches and about 0.6 to 0.7 percentage points for the number of automated teller machines. We do not find any significant differences between the countries with harmonised regulations and shared currency as a result of the EU and Eurozone membership.