What Drives Credit Growth in Emerging Asia?:
This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby shocks within blocks are identified using sign restrictions, whereas shocks across the bl...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
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Schriftenreihe: | IMF Working Papers
Working Paper No. 12/43 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby shocks within blocks are identified using sign restrictions, whereas shocks across the blocks are identified using a recursive (block-) Cholesky structure. We find that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging Asia |
Beschreibung: | 1 Online-Ressource (43 p) |
ISBN: | 1463936443 9781463936440 |
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index_date | 2024-07-03T20:13:18Z |
indexdate | 2024-07-10T09:35:25Z |
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spelling | Han, Fei Verfasser aut What Drives Credit Growth in Emerging Asia? Han, Fei Washington, D.C International Monetary Fund 2012 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/43 This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby shocks within blocks are identified using sign restrictions, whereas shocks across the blocks are identified using a recursive (block-) Cholesky structure. We find that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging Asia Online-Ausg Elekdag, Selim Sonstige oth http://elibrary.imf.org/view/IMF001/12623-9781463936440/12623-9781463936440/12623-9781463936440.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Han, Fei What Drives Credit Growth in Emerging Asia? |
title | What Drives Credit Growth in Emerging Asia? |
title_auth | What Drives Credit Growth in Emerging Asia? |
title_exact_search | What Drives Credit Growth in Emerging Asia? |
title_exact_search_txtP | What Drives Credit Growth in Emerging Asia? |
title_full | What Drives Credit Growth in Emerging Asia? Han, Fei |
title_fullStr | What Drives Credit Growth in Emerging Asia? Han, Fei |
title_full_unstemmed | What Drives Credit Growth in Emerging Asia? Han, Fei |
title_short | What Drives Credit Growth in Emerging Asia? |
title_sort | what drives credit growth in emerging asia |
url | http://elibrary.imf.org/view/IMF001/12623-9781463936440/12623-9781463936440/12623-9781463936440.xml |
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