Keynote Speaker:
Prof. Jarko Fidrmuc
https://cepr.org/about/people/jarko-fidrmuc
Prof. Jarko Fidrmuc is a professor of international and digital economics at the Zeppelin University Friedrichshafen, Germany, and research fellow at the Institute of Economics of the Slovak Academy of Sciences. He received his PhD degree in economics at the University of Vienna in 1999. He is also affiliated as a research fellow at the Mendel University Brno, CESifo Munich, and the Institute of East and Southeast European Studies (IOS). He worked previously also for Oesterreichische Nationalbank, University of Munich, and Institute of Advanced Studies in Vienna. He is chief editor of Ekonomický časopis/Journal of Economics. His research concentrates on international macroeconomics and finance, digitalization and globalization. He published about 50 articles in recognized journals including for example the Scandinavian Journal of Economics, Journal of Comparative Economics, Regional Studies, European Journal of Political Economy, Journal of Banking and Finance, and International Journal of Money and Finance.
Presentation titled: „Loan and Trust Behavior in CEECs“
Abstract: We analyze the relationship between the trust in economic and political institutions and loan behavior in Central Eastern and Southeastern Europe from 2007 to 2020. We analyze several indicators related to trust in institutions, which measured by the embeddedness in norms, voting behavior, the social trust of individuals and the strength of their networks. The loan behavior differentiates between the access to loans, the holding of a loan, the purpose of the loan, the plan to take out a loan and the adequacy of the loan. The influence of social capital is measured through probit models, which are controlling for country and household specific factors. The analysis finds that trust has a predominantly positive influence on the plan to take out a loan, access to credit, the likelihood of having a loan, and its adequate amount.