Cyclical Fluctuations in the Banking Services Market and the Changes in the Situation of Entities from the Financial Services Sector

Robert Skikiewicz , Józef Garczarczyk

Abstract

Section K of the services sector includes entities conducting financial and insurance activities and, among others, banks. Fluctuations in the whole economy and its individual sectors’ situation are interrelated; hence, one may also expect similarities of cyclical fluctuations in the banking sector and in the entire financial sector. The analyses in the article concern the connections between the cyclical fluctuations on the banking services market and in the entire K section of the services sector, grouping entities conducting financial and insurance activities in Poland. The analyses proved that changes in the economic situation appear earlier in the banking sector than in section K of the services sector. The time range of analyses covered the period from the first quarter of 2003 to the first quarter of 2018. Conclusions on relationships were formulated on the basis of cross-correlation analysis and the analysis of the turning points in the time series of variables describing the cyclical fluctuations in the banking market and in the K section of the services sector.
Author Robert Skikiewicz (WZ / KBRiU)
Robert Skikiewicz,,
- Department of Research Markets and Services
, Józef Garczarczyk (WZ / KBRiU)
Józef Garczarczyk,,
- Department of Research Markets and Services
Journal seriesCentral European Economic Journal, ISSN 0137-3056, (B 13 pkt)
Issue year2018
Vol5
No1
Pages118-129
Publication size in sheets0.55
Keywords in Polishsytuacja na rynku bankowym, sytuacja ekonomiczna w sektorze finansowym, wahania cykliczne
Keywords in Englishbanking situation; economic situation in the financial sector; cyclical fluctuations
DOIDOI:10.1515/ceej-2018-0014
Languageen angielski
Score (nominal)13
Score sourcejournalList
ScoreMinisterial score = 13.0, 16-01-2020, ArticleFromJournal
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