• The aim - This article aims to compare the situation in the banking sectors of two regions, which due to their political and economic history have much in common. These are the Western Balkan States of Serbia, Croatia and Macedonia, and the Baltic Sea States of Lithuania, Estonia, and Latvia. • Methods - It presents three approaches to defining banking stability that can be found in the literature and carries out an initial analysis of the financial performance of the chosen banking sectors using the CAMEL approach. • Outcomes: Although in 2010, the banking sectors from the Baltic Sea States were in a relatively worse shape than the Western Balkan States, it was proved that the banking sectors in countries where economic transformation is recognized as completed could achieve a faster recovery from the crisis in comparison to states which are still undergoing this process • Conclusions – The transformation process is essential for further building a market economy and the quicker is completed the quicker the banking sector can develop and the easier it is to recover from a possible crisis or external shocks.


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artykuły w czasopismach recenzowanych i innych wydawnictwach ciągłych
Published in:
International Business and Global Economy no. 36, pages 31 - 47,
ISSN: 2300-6102
Publication year:
Bibliographic description:
Kubiszewska K.: FINANCIAL COMPARISON OF WESTERN BALKAN AND BALTIC SEA STATES USING THE CAMEL APPROACH// International Business and Global Economy. -Vol. 36., nr. 1 (2017), s.31-47
Digital Object Identifier (open in new tab) 10.4467/23539496ib.17.002.7450
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