December 2022
·
1 Read
·
1 Citation
Közgazdasági Szemle
What is this page?
This page lists works of an author who doesn't have a ResearchGate profile or hasn't added the works to their profile yet. It is automatically generated from public (personal) data to further our legitimate goal of comprehensive and accurate scientific recordkeeping. If you are this author and want this page removed, please let us know.
Publications (7)
March 2020
·
8 Reads
·
2 Citations
Közgazdasági Szemle
June 2019
·
16 Reads
·
1 Citation
Hitelintézeti szemle
June 2019
·
14 Reads
·
1 Citation
Financial and Economic Review
June 2018
·
9 Reads
·
6 Citations
Acta Oeconomica
The aim of this paper is to estimate the efficiency of Hungarian banks with several models and to calculate the Lerner index for both the household and the corporate credit market. We apply stochastic frontier analysis (SFA) and data envelopment analysis (DEA) models to estimate the efficiency and calculate profit and cost efficiency with and without taking credit losses into consideration. In terms of cost efficiency, banks are nearly homogeneous and improved their efficiency after the crisis. Banks, however, are extremely heterogeneous in terms of profit efficiency. During the crisis, a gradual improvement could be observed across the sector after the initial downturn. Since the operating conditions of the household and the corporate credit markets are different, we estimated the intensity of competition separately for both the markets. While the Lerner index showed strong market power in the household credit market, the corporate credit market was characterised by intense competition. Regarding efficiency, various models often resulted in different conclusions, especially in the case of cost efficiency. Therefore we recommend that the regulatory decision-making process should always consider the results of several models. Moreover, the Lerner indices demonstrate that it might be important to use disaggregated models when modelling the features of credit markets.
October 2017
·
29 Reads
·
4 Citations
Közgazdasági Szemle
December 2016
·
264 Reads
·
4 Citations
Asian Economic and Financial Review
In recent years, the average spread on newly extended housing loans above the 3-month interbank interest rate has been consistently higher compared to spreads in neighbouring countries. This paper investigates the reasons behind it by using econometric tools and simple statistical examinations. In our two-step approach, we first identify the determinants of spreads based on Hungarian transaction-level and bank-level data, and then examine the Hungarian banking system's sectoral performance relative to other European countries in the main determinants identified. Our findings reveal that the higher spreads currently mainly stem from the high proportion of products with initial rate fixation of over one year, the relatively large stock of non-performing loans, and credit losses. High operating costs in international comparison may also have an impact on the setting of spreads. According to our estimates, demand-side attributes also contribute to the emergence of high spreads, as does the low level of competition in certain regions. Journal of Economic Literature (JEL) codes: G02, G20, G21
Citations (5)
... Ez jelentős irányváltást jelentett a kihelyezett hitelállomány növelése, az értékesítési hangsúly felől a kockázatkezelés szerepének és feladatának előtérbe kerülése irányába, és új dinamikákat indíthatott el az egyes területek közötti együttműködésben. Ahogy azonban Dancsik is felhívja rá a figyelmet tanulmányában, a válsághoz vezető problémák komplexek, többrétegűek és a hitelezési folyamatban résztvevő egyes banki dolgozók szintjén lehetetlen átlátni, értékelni, figyelembe venni az egyes ügyletek makrogazdasági hatását (Dancsik, 2020), azonban a kockázatok iránti érzékenység felé tolódással oldódhatnak a természetes érdekellentétből adódó konfliktusok. ...
- Citing Article
March 2020
Közgazdasági Szemle
... The methodological implementation of our analysis, which focuses on the impact of energy efficiency on interest rates, is based on the previous studies in the Hungarian literature in which the authors aimed to identify factors explaining lending rates (see, for example Aczél et al. 2016;Dancsik -El-Meouch 2019). In addition to the explanatory variables used in the literature, we also include variables controlling for the location and quality of the property, based on the ING database, in order to accurately estimate the partial effect of the energy performance certificate. ...
- Citing Article
June 2019
Financial and Economic Review
... lend support to empirical evidence addressing the positive impact of market power on the bank's cost efficiency. Similarly, Dancsik, 2018) revealed that the greater the influence of market power, the more liberty the banks have to earn maximum profit, which allows them to become risk averse, which in turn decreases the monitoring cost, thereby improving the cost efficiency of the banking sector. ...
- Citing Article
June 2018
Acta Oeconomica
... By contract, Dancsik (2017) found that in Hungary, FX credit history, or more precisely a previous exchange rate loss incurred on FX loans, increases the likelihood that in the event of subsequent borrowing, the debtor will take out a loan with an interest rate fixed for at least five years. He concludes that the shock to FX debtors may therefore have had a significant effect on the uptake of fixed-rate loans following the 2008 crisis. ...
- Citing Article
October 2017
Közgazdasági Szemle
... The methodological implementation of our analysis, which focuses on the impact of energy efficiency on interest rates, is based on the previous studies in the Hungarian literature in which the authors aimed to identify factors explaining lending rates (see, for example Aczél et al. 2016;Dancsik -El-Meouch 2019). In addition to the explanatory variables used in the literature, we also include variables controlling for the location and quality of the property, based on the ING database, in order to accurately estimate the partial effect of the energy performance certificate. ...
- Citing Article
- Full-text available
December 2016
Asian Economic and Financial Review