Monday, March 9, 2009
CEE is not a Monolithic Region
Say the Czechs in The Prague Post. The article cites loan-to-deposit ratios, which are around 80% in the Czech Republic and Slovakia, but 130% in Romania and as much as 200% in Estonia. In addition, Erste group maintains that the region is less exposed to the credit crisis than the numbers of Bank for International Settlements say (BIS mentions Western exposure of $1.4 trillion).