TY - JOUR
TI - Financial comparison of Western Balkan and Baltic Sea states using the CAMEL approach
	 
AU - Kubiszewska, Katarzyna
TI - Financial comparison of Western Balkan and Baltic Sea states using the CAMEL approach
	 
AB - 
	This article aims to compare the situation in the banking sectors of two regions that have much in common due to their political and economic history: the Western Balkan states of Serbia, Croatia, and Macedonia and the Baltic Sea states of Lithuania, Estonia, and Latvia. It presents three approaches to defining banking stability that can be found in literature and carries out a preliminary analysis of the financial performance of the discussed banking sectors using the CAMEL approach. Although in 2010 the banking sectors of the Baltic Sea states were in a worse shape than the banking sectors of the Western Balkan states, it has been proved that the banking sectors in countries in which the process of economic transformation has been completed could recover from a crisis faster than states that are still undergoing this process. Economic transformation is essential for the further development of the market economy and the sooner it is completed, the sooner the banking sector can develop and the easier it will be to recover from a crisis or an external shock.
	 
VL - 2017
IS - Volume 36
PY - 2017
SN - 2300-6102
C1 - 2353-9496
SP - 31
EP - 46
DO - 10.4467/23539496IB.17.002.7450
UR - https://ejournals.eu/en/journal/ibage/article/financial-comparison-of-western-balkan-and-baltic-sea-states-using-the-camel-approach
KW - banking sector stability
KW - CAMEL approach
KW - Baltic Sea states
KW - Western Balkan states