... models for the EU countries on quarterly data in order to identify macroeconomic factors that function as leading indicators of non-performing loans. The starting point for our baseline specification is the logit models with macroeconomic variables typically used to identify leading indicators...

... of all state variables: Financial markets Monetary policy Macroeconomic factors Affine term structure models Risk premia Yield curve C13 C32 E43 E44 E52 G12 The recent financial and economic crisis revealed the close feedback between the real economy and financial conditions...

... Licensed re-use rights only GMM Institutional quality Asian countries Macroeconomic factors FDI inflows The foreign direct investment (FDI) is a key driver of economic development and one of the major sources of technology transfer from technology-rich countries into technology-deficient...

... and governance Banking profitability Macroeconomic factors The second group includes four variables, as follows: The EOTA indicates if a certain bank is well capitalized or not. In studies on the impact of banks’ profitability, the interpretation of this ratio can be tricky. For example, banks...