Does supply or demand drive the credit cycle? :: evidence from Central, Eastern, and Southeastern Europe /

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for the...

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Körperschaft: International Monetary Fund. European Department
Weitere Verfasser: Everaert, G. (Greetje)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2015.
Schriftenreihe:IMF working paper ; WP/15/15.
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Zusammenfassung:Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for the entire CESEE region. We complement this analysis by five case studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply factors, on average and relative to demand factors, gained in importance in explaining credit growth in the post-crisis period. In the case studies, we find a similar result for Lithuania and Montenegro, but the other three case studies point to the fact that country experiences were heterogeneous.--Abstract.
Beschreibung:Prepared by Greetje Everaert, Natasha Che, Nan Geng, Betrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, and Li Zeng.
"January 2015."
"European Department."
Beschreibung:1 online resource (61 pages) : color illustrations
Bibliographie:Includes bibliographical references (page 61).
ISBN:1484379985
9781484379981
9781498326391
1498326390
9781498350631
1498350631

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